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Determine under the weighted average cost flow assumption

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Nicole Corporation uses the periodic inventory system. The following information about its laptop computers is available.

Transaction

Date

Beginning

1/1

Inventory

5/5        Purchase

8/10      Purchase

10/15 Purchase

Number
of Units

 

 

200

800

1200

800

Cost
per
Unit

 

 

$30
$32

$35

$36

During 2018, 2,400 laptop computers were sold.

Question 1: What was the ending inventory under the weighted average cost flow assumption?

Reference no: EM132475034

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