Monarch Company uses a weighted-average perpetual inventory system, and has the following purchases and sales:January 120 units were purchased at $10 per unit.January 1212 units were sold.January 2018 units were purchased at $11 per unit.What is the value of ending inventory? (Round average cost per unit to 2 decimal places and final answer to the nearest dollar.)
A. $398.
B. $278.
C. $272.
D. $120.
E. $126.
Answer: B
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