Question: Question 8 [ 5 points ] One of the methods permitted by Generally Accepted Accounting Principle for reporting the value of a firm's inventory is

Question 8[5 points]One of the methods permitted by Generally Accepted Accounting Principle for reporting the value of a firm's inventory is weighted average inventory pricing.Cantu Excavating began its fiscal year with an inventory of 410 units valued at $13.16 per unit. During the year it made the purchases listed in the following table.DateFebruary 30July 2September 25Units purchased685785265Unit cost ($)13.2612.8613.22At the end of the year, 195 units remained in its inventory. For full marks your answers) should be rounded to the nearest cent.Determine:a) The weighted average cost of the units purchased during the year.Weighted average cost = $ 0.00b) The weighted average cost of the beginning inventory and all units purchased during the year.Weighted average cost = $ 0.00c) The value of the ending inventory based on the weighted-average cost calculated in b).Ending inventory = $ 0.00

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