Hopewell Electronics maintains its LED television inventory using the perpetual method. The inventory records for April...

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Hopewell Electronics maintains its LED television inventoryusing the perpetual method. The inventory records for April follow:Beginning inventory 20 units @ $525 each April 12 purchase 30 units@ $550 each April 20 sale 40 units @ $830 each April 25 purchase 15units @ $575 each Using the weighted-average cost method, how muchis the April 30 ending inventory on the Hopewell Electronics'Balance Sheet? Select one: A. $21,600 B. $13,750 C. $14,025 D.$14,175

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At each purchase and sale weighted average cost of inventory is determined under weighted average cost method. Below is the inventory movement schedule:

Date	Particulars	Units	Per unit cost	Total
Apr-01	Opening balance	20	525	10,500
Apr-12	Purchase	30	550	16,500
	Balance after purchase	50	540	27,000

	Per unit cost= Total inventory value/ Total units	27000/50	=540

Apr-20	Sale	40	540	21,600
	Balance after sale	10	540	5,400

Apr-25	Purchase	15	575	8625
	Balance after purchase	25	561	14,025

	Per unit cost= Total inventory value/ Total units	14025/25	=561

Balance in inventory is $14,025.

Correct option is C. $14,025

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