- (-/1 Points] DETAILS BRECMBC9 16.1.005.MI. MY NOTES ASK YOUR TEACHER Southern Industries had 417 dining sets in stock at the end of the year. Inventory records show the following information: Date Qty Cost Total Cost January 1 Beginning Inventory 50 $1,290 $64,500 April 13 Purchase 300 1,326 397,804 May 2 Purchase 300 1,278 383,400 September 7 Purchase 250 1,242 310,500 November 18 Purchase 400 1,206 482,400 Total available for sale 1,300 $1,638,600 Using the average cost method of inventory pricing, calculate the dollar value of the ending inventory. (Round your answer to the nearest cent.) $ Need Help? Read it Watch it Master it