On January 1, a restaurant had an opening inventory as listed below. During the month of January, the chef purchased and received the following cases of mustard: 01/1 Opening inventory 4 cases @ $7.38 per case 01/04 Purchases 7 cases @ $7.42 per case 01/11 Purchases 7 cases @ $7.52 per case 01/18 Purchases 4 cases @ $7.48 per case 01/26 Purchases 3 cases @ $7.52 per case A physical inventory taken on January 31, showed that 6 cases remained in stock. What was the value of this inventory using the Weighted Average method?

Answer rating: 100% (QA)

Calculating Inventory Value using Weighted Average Method Heres how to find the value of the closing ... View the full answer