3. (-/20 Points] DETAILS BRECMBC9 16.1.005.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER 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 $1,350 $67,500 April 13 Purchase 200 1,326 265,200 May 2 Purchase 200 1,278 255,600 September 7 Purchase 250 1,242 310,500 November 18 Purchase 400 1,266 506,400 Total available for sale 1,100 $1,405,200 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