Posted: March 3rd, 2017
This company uses a perpetual inventory system with a weighted average inventory costing method. The following information is available for the month of April.
This company uses a perpetual inventory system with a weighted average inventory costing method. The following information is available for the month of April.
April 1 On hand, 30 units at $5.00 each $150
8 Purchased 40 units at $5.35 each 214
15 Sold 50 units
22 Purchased 40 units at $5.20 each 208
30 On hand, 60 units
What is the cost of ending inventory on April 30th?
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