Homework Answers
| Answer | |||
| The Correct Option is C : $752,500 | |||
| Explanation | |||
| Calculate weighted average ending inventory : | |||
| Unit | Cost | ||
| January 1 purchase | 500 | $ 1,450 | 500*2.90 |
| January 10 Purchase | 750 | $ 2,700 | 750*3.60 |
| Total | 1250 | $ 4,150 | |
| Weighted average cost per unit = 4150/1250 = 3.3 per unit | |||
| Weighted average ending inventory = 3.30*600 = $ 1,980 | |||
| so answer is A) $1,980 | |||
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