Requirement 3. Determine the amount that would be reported in ending merchandise inventory on 15 using the weighted-average inventory costing method.

Total Purchases Unit Date Quantity Cost Jan. 21 11$ 2.00 $ 6 2$ 2.65 $ Cost of Goods Sold Unit Total Quantity Cost Cost Cost Inventory on Hand Unit Total Quantity Cost Cost 11$ 2.00 $ 22.00 13 $ 2.10 $ 27.30 10 $ 2.10 $ 21.00 22.00 OP 5.30 8 3 $ 2.10 5.3 13 2$ 2.70 $ 5.40 12 2.3 24.4 141 3 2.03 6.1 9 2.3 18.3 15 30.7 Totals 7.3 6 9 18.3 x More info Jan. 2 Purchased 11 gallons @ $2.00 each Jan. 6 Purchased 2 gallons @ $2.65 each Jan. 8 Sold 3 gallons of milk to a customer Jan. 13 Purchased 2 gallons @ $2.70 each Jan. 14 Sold 3 gallons of milk to a customer