Using the Perpetual Inventory Method, What Is the Weighted-Average Cost

Using the perpetual inventory method, what is the weighted-average cost of ending inventory rounded to the nearest whole dollar? $$\begin{array} { | l | l | } \hline \text { Sales revenue } & 100 \text { units at } \$ 10 \text { per unit } \\\hline \text { Beginning inventory } & 50 \text { units at } \$ 8 \text { per unit } \\\hline \text { Purchases } & 90 \text { units at } \$ 9 \text { per unit } \\\hline\end{array}$$

A) $400
B) $360
C) $346
D) $864

Correct Answer:

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