Determine the ending inventory using the periodic inventory
Determine the ending inventory using the periodic inventory system and the weighted average cost method ( rounded to the closest cent. Date Item Unit Cost Total1 Beginning Inventory 6 $ 5 $ 3012 Purchase 10 $ 6 $ 6018 Purchase 8 $ 7 $ 56 Total 24 ? $ 146Assume that 18 units were sold at a sales price of $14.00