Glasgow Enterprise started the period with 70 units in beginning inventory that cost #2.10 each....
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Accounting
Glasgow Enterprise started the period with 70 units in beginning inventory that cost #2.10 each. During the period, the company purchased inventory items as follows. Glasgow sold 305 units after purchase 3 for $2.10 each.
Purchase Number of Items Cost
1 280 $2.60
2 190 $2.70
3 60 $3.10
If the company uses the weighted average cost flow method, Glasgow's ending inventory would be approximately:
A. $780
B. $773
C. $799
D. $650
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