Using the data below, determine the ending inventory amount assuming the weighted average method with a periodic inventory system.
1. Beginning inventory, 10 units
2. Purchases, 20 units
3. Total cost of units available for sale, $3,000
4. Ending inventory, 12 units
a) $3000 b) $12000 c) $100 d) None of these
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Home » Business » Using the data below, determine the ending inventory amount assuming the weighted average method with a periodic inventory system. 1. Beginning inventory, 10 units 2. Purchases, 20 units 3. Total cost of units available for sale, $3,000 4.