A company just starting business made the following three inventory purchases in February: 1 225 units...

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A company just starting business made the following three inventory purchases in February: 1 225 units $ 1,350 400 units 2,800 800 100 units $ 4,950 On Feb 15, there were 300 units sold. The company uses a perpetual inventory system. Using the weighted average cost formula, the balance in ending inventory on February 28 is Feb. Feb. 10 Feb. 28 $ 1,992. $2,958. $ 4,950. $ 3,075. A company just starting business made the following three inventory purchases in February: 1 225 units $ 1,350 400 units 2,800 800 100 units $ 4,950 On Feb 15, there were 300 units sold. The company uses a perpetual inventory system. Using the weighted average cost formula, the balance in ending inventory on February 28 is Feb. Feb. 10 Feb. 28 $ 1,992. $2,958. $ 4,950. $ 3,075.

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