Question: Determine the ending inventory using the periodic inventory system and the weighted average inventory cost flow method. (Round answers to the nearest cent.) Date Item

Determine the ending inventory using the periodic inventory system and the weighted average inventory cost flow method. (Round answers to the nearest cent.)

Date	Item	Units	Cost	Total
Jan. 1	Inventory	4	$3	$12
12	Purchase	9	4	36
18	Purchase	7	6	42

	Totals	20		$90
	Sold	16

a.$72.00

b.$22.52

c.$18.00

d.$90.00

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