Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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activity for a specific inventory item for the month of March was as follows: # of Per UnitTotal Units CostCostOctober 1
inventoryPurchases: 30$28$840October 5100303,000October 1360321, 920October 1590363.240Goods Available for
Sale 280$9,000Sales:October 8110October 22120230 Using weighted average cost under a periodic inventory system,
what is the balance of Ending Inventory (round intermediate and final calculations to the nearest dollar) as at October
31?$2,160 $1,980$1,920$2,040
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Transcribed Image Text:activity for a specific inventory item for the month of March was as follows: # of Per UnitTotal Units CostCostOctober 1 inventoryPurchases: 30$28$840October 5100303,000October 1360321, 920October 1590363.240Goods Available for Sale 280$9,000Sales:October 8110October 22120230 Using weighted average cost under a periodic inventory system, what is the balance of Ending Inventory (round intermediate and final calculations to the nearest dollar) as at October 31?$2,160 $1,980$1,920$2,040
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