Jammer Company uses a weighted average perpetual inventory system and reports the following: August 2Purchase10 units at $12 per unit.August 18Purchase15 units at $15 per unit.August 29Sale20 units.August 31Purchase14 units at $16 per unit.What is the per-unit value of ending inventory on August 31?
A. $16.00
B. $12.00
C. $13.80
D. $17.74
E. $15.42
Answer: E
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