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On December 1, a company had 1,000 units in inventory valued at $787,500. On December 12,...

On December 1, a company had 1,000 units in inventory valued at $787,500. On December 12, the company purchased 2,000 units for $1,562,400. Sales of 2,400 units were made on December 23, and on December 30, the company purchased another 2,000 units for $1,537,200. If the company uses a periodic system and the weighted-average inventory valuation method, the company’s December 31 balance sheet would report inventory of

  • A.$2,007,180

  • B.$2,021,292

  • C.$2,014,740

  • D.$2,025,660

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