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2.097 Judge Company uses the periodic inventory system and the average cost method to value its inventory. Inventory records for Judge Company revealed the following
2.097 Judge Company uses the periodic inventory system and the average cost method to value its inventory. Inventory records for Judge Company revealed the following information for 2019: Date Transaction Jan 1 Beginning inventory March 20 Purchase August 26 Purchase December 14 Purchase Number of Units 800 400 300 400 Unit Cost $4.00 8.00 9.00 10.00 Judge has 500 units in its ending inventory at December 31. What was the value of the ending inventory at December 31? (If necessary, round the average unit cost to three decimals and final answer to the nearest whole dollar): $3,448 $9,652 $3,500 $3,875 $9.225
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