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$ 350 700 Co B. has periodic inventory system May 1, inventory 140 $2.50 Purchases: May 5 200 3.50 140 4.50 May 15 160 5.50

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$ 350 700 Co B. has periodic inventory system May 1, inventory 140 $2.50 Purchases: May 5 200 3.50 140 4.50 May 15 160 5.50 Sales May 11 May 19 150 May 10 630 880 230 Required: Determine the ending inventory value with average method

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