The following units of an inventory item were available for sale during the year. Beginning...

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Accounting

The following units of an inventory item were available for sale during the year.
Beginning inventory
First purchase
Second purchase
Third purchase
10 units at $55
25 units at $60
30 units at $65
15 units at $70
The firm uses the periodic inventory system. During the year, 60 units of the item were sold.
The ending inventory cost rounded to the nearest dollar using weighted average cost is
a. $1,150
b. $1,375
c. $1,353
d. $1,263
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