Chris Company uses the perpetual inventory system and had thefollowing activity during the current monthly period.
November1: BeginningInventory of 100 units @$20
November5: Purchased100 units @ $22
November8: Purchased50 units @$23
November16: Sold200 units @ $45
November19: Purchased50 units @ $25
Using the weighted-average inventory method, the company'sending inventory would be reported at:
A) $2,200.
B) $2,320.
C) $2,250.
D) $2,400.
E) $2,270.
The answer is B but I need a detailed explanation because I donot understand this at all.
