Question: Using the information given below for a company that uses a perpetual inventory system, calculate the ending inventory using weighted average. Date Activities Units Sold

Using the information given below for a company that uses a perpetual inventory system, calculate the ending inventory using weighted average.

Date Activities Units Sold at Retail January 1 Beginning inventory January 5 Purchase Units Acquired at Cost 200 units @ $100 = $20,000 800 units @ $110 = $88,000 Sale 840 units sold January 10 January 15 January 25 Purchase 240 units @ $120 = $28,800 Sale 100 units sold

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