Inventory records for Water Incorporated revealed the following: Date Transaction Number of Units Unit Cost July 1 Beginning inventory 570 $ 2.49 July 25 Purchase 420 2.69 Water Inc. sold 630 units of inventory during the month. Ending inventory assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimal places and final answer to the nearest dollar amount.) Multiple Choice $1,027. $932. $895. $927.

Value of closing inventory = $925.2

Explanation:

To value inventory, The weighted average inventory method uses the value of weighted average price of all the batches purchased till date. The weighted average price is re-computed whenever a new batch of stock is received.

The average cost per unit = Total cost of quantities purchased / total units available til date

Weighted average cost

= ((570×2.49) + ( 420 ×2.69))/ (570 +420)

=$2.57

Closing inventory = opening inventory + purchases - sales

Closing inventory =  570+420 -630 = 360

The value of the closing inventory = 2.57× 360= $925.2

Value of closing inventory = $925.2

answer: b 56, 250

explanation:

(i know i'm late but the answer's "things about yourself" because you want to list things you're capable of, why you want to open up the business, the amount of money you're putting into it,etc.) i'm guessing you take online school small business, the answers to the quizzes are all over quizlet. just look up your question and type quizlet after it and it'll pop up.