Question

Pu4-G18 Company uses the weighted average inventory costing method. The company had a beginning inventory of...

Pu4-G18 Company uses the weighted average inventory costing
method. The company had a beginning inventory of 1,000 units
that cost $18.60 each. Purchases were made throughout the
year as follows:

   April:      2,100 units purchased at $11.40 per unit
   September:  1,800 units purchased at $7.25 per unit
   November:   1,100 units purchased at $14.10 per unit

During the year, 4,300 units were sold to customers at a
selling price of $26.00 each.

Calculate the dollar amount of ending inventory shown on
Pu4-G18 Company's December 31 balance sheet.
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