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A company reports the following merchandise purchases and sales for the month of May. ...

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Accounting

A company reports the following merchandise purchases and sales for the month of May.
1 points
03:34:55
\table[[eBook],[Print],[References]]
Date
May 1
May 5
May 10
May 20
May 25
May 25
There was no beginning inventory. If the company uses the weighted average periodic method, what would be the cost of ending inventory?
Note: Round average cost per unit to two decimal places.
\table[[Weighted average - Periodic],[,Cost of Goods Available for Sale,Cost of Goods Sold,Ending Inventory],[,# of units,\table[[Ave],[Cos],[ur]],,\table[[Cos],[Av]],\table[[of Goods],[lable for],[Sale]],\table[[# of units],[sold]],\table[[Average],[Cost per],[Unit]],\table[[Cost of],[Goods Sold]],\table[[# of units],[in ending],[inventory]],\table[[Average],[Cost],[per unit]],\table[[Ending],[Inventory]]],[May 1,380,$,15,,5,700,,,,,,],[May 5,270,$,17,,4,590,,,,,,],[May 20,350,$,22,,7,700,,,,,*,],[Total,1,000,,,$,17,990,,,0,,,$
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