Question: Knowledge Check 01 Numeric Company uses the periodic inventory method and had no beginning inventory. The company purchased 7 units of inventory at $8 per

Knowledge Check 01 Numeric Company uses the periodic inventory method and

Knowledge Check 01 Numeric Company uses the periodic inventory method and had no beginning inventory. The company purchased 7 units of inventory at $8 per unit during January, 5 units of inventory at \$10 per unit during February, and 6 units of inventory at $11.00 per unit during June. The company sold 6 units of inventory during October. There were no additional purchases or sales during the remainder of the year. If Numeric Company uses the weighted average method, what is the cost of its ending inventory? (Round "per unit cost" to 2 decimal places and final answer to the nearest whole dollar.)

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