A company uses the periodic inventory system and had the following activity during the current monthly period. November 1:Beginning inventory101 Units @ $25November 5:Purchased101 Units @ $26November 8:Purchased51 Units @ $25November 16:Sold130 Units @ $50November 19:Purchased20 Units @ $20 Using the weighted-average inventory method, the company's ending inventory would be:
A. $3576
B. $2925
C. $4200
D. $1675
E. $2525
Answer: A
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