Find the cost assigned to ending merchandise inventory of 500 units using the weighted average method. Beginning Inventory 100 @ $18.00 = $1,800.00 First Purchase 400 @ $19.00 = 7,600.00 Second Purchase 800 @ $18.25 = 14,600.00 Third Purchase 500 @ $20.40 = 10,200.00

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1. Find the cost assigned to ending merchandise inventory of 500 units using the weighted average method. Beginning Inventory 100 @ $18.00 = $1,800.00 First Purchase 400 @ $19.00 = 7,600.00 Second Purchase 800 @ $18.25 = 14,600.00 Third Purchase 500 @ $20.40 = 10,200.00