The following amounts and costs of platters were available for sale by San Antonio Ceramics...
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Accounting
The following amounts and costs of platters were available for sale by San Antonio Ceramics during the year:
Beginning inventory................. | 10 units at $41 |
First purchase.......................... | 15 units at $55 |
Second purchase...................... | 30 units at $70 |
Third purchase........................ | 25 units at $65 |
San Antonio Ceramics has 35 platters on hand at the end of the year. What is the dollar amount of inventory at the end of the year according to the weighted-average cost method?
A) $4,960
B) $3,100
C) $1,732.50
D) $2,170
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