Purchases for YearDate Units Unit priceJanuary Beg. Inv 1500 $5.00May 800 $5.50October 500 $6.00TotalsAssume Ending Inventory on December 31, 20xx is 600 units.In Scenario 1, Joes Junk has beginning inventory and purchases for widgets, stock number 25, as shown. At the end of the year, 600 units remained in ending inventory. Determine the cost of the ending inventory under the Weighted Average method.

INTRODUCTION TO COST ACCOUNTING

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Purchases for YearDate Units Unit priceJanuary Beg. Inv 1500 $5.00May 800 $5.50October 500 $6.00TotalsAssume Ending Inventory on December 31, 20xx is 600 units.In Scenario 1, Joe’s Junk has beginning inventory and purchases for widgets, stock number 25, as shown. At the end of the year, 600 units remained in ending inventory. Determine the cost of the ending inventory under the Weighted Average method.

A	$3, 192.00
B	$3, 550.00
C	$3, 000.00
D	$3, 300.00

Explanation:

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