Inventory records for Dunbar Incorporated revealed the following:

Date Transaction Number
of Units Unit
Cost
Apr. 1 Beginning inventory 550 $2.33
Apr. 20 Purchase 310 2.68

Dunbar sold 560 units of inventory during the month. Ending inventory assuming weighted-average cost would be (Do not round your intermediate calculations. Round weighted-average unit cost to four decimals if necessary. Round your answer to the nearest dollar amount):

$737.

$694.

$817.

$752.

Respuesta :

Ending inventory assuming weighted-average cost would be $694

Solution:

Given,

Dunbar sold 560 units of inventory

Apr. 1 Beginning inventory 550 $2.33

Apr. 20 Purchase 310 2.68

Now,

Ending inventory  = 560 -550 = 10

                             = 310 -10 = 300

Ending inventory = 300 × $2.33 = $694