Jammer Company uses a perpetual weighted average inventory system and reports the following: August 2Purchase18 units at $15.50 per unit.August 18Purchase20 units at $14.00 per unit.August 29Sale36 units.August 31Purchase23 units at $18.50 per unit. What is the per-unit value of ending inventory on August 31? (Round your per unit answers to 2 decimal places.)
A. $14.71
B. $19.64
C. $15.50
D. $18.20
E. $18.50
Answer: D
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