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angie343536
Feb 18, 2008, 10:36 PM
Jason Company reported the following transactions involving inventory during the month of September:

Date Description Units Cost per Unit
Aug 30 Beginning Bal 100 $8.00
Sep 04 Purchased 200 $8.25
Sep 13 Sold 150 $11.20
Sep 21 Purchased 300 $8.50
Sep 26 Sold 375 $11.20
Sep 30 Purchased 400 $8.75

Note: Jason Company uses a periodic inventory system.

Using the inventory transactions for Jason Company listed above, the ending inventory on September 30 using the Weighted Average inventory cost flow assumption would be: