Acme-Jones Company uses a weighted-average perpetual inventory system.
August 2, 8 units were purchased at $12 per unit.
August 18, 15 units were purchased at $14 per unit.
August 29, 20 units were sold.
August 31, 10 units were purchased at $16 per unit.
What is the per-unit value of ending inventory on August 31?
a. $12.00.
b. $13.30.
c. $15.38.
d. $16.00.
e. $17.74.
Answer: C
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