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Question: chris company uses the perpetual inventory system and had the...

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Chris Company uses the perpetual inventory system and had the following activity during the current monthly period.

November 1:             Beginning Inventory of 100 units @$20

November 5:               Purchased 100 units @ $22

November 8:               Purchased 50 units @$23

November 16:            Sold 200 units @ $45

November 19:             Purchased 50 units @ $25

Using the weighted-average inventory method, the company's ending inventory would be reported at:

A)   $2,200.

B) $2,320.

C) $2,250.

D) $2,400.

E) $2,270.

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