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Using the data below, determine the ending inventory amount assuming the weighted average method under a periodic inventory system. Line Item Description - Value Beginning inventory - 10 units Purchases
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Using the data below, determine the ending inventory amount assuming the weighted average method under a periodic inventory system.

Line Item Description - Value
Beginning inventory - 10 units
Purchases - 20 units
Total cost of units available for sale - $3,000
Ending inventory - 12 units

a. $3,000
b. $1,200
c. $100
d. $1,500

User Newester
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1 Answer

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The ending inventory amount is b. $1,200
User Shiv Kumar Sah
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