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6) Santa Fe Tile Company had the following inventory purchases and sales during the month of May. The company uses the periodic inventory method. Sales
6) Santa Fe Tile Company had the following inventory purchases and sales during the month of May. The company uses the periodic inventory method. Sales Units Unit Price Total Purchases Date / Units Unit Cost May 1 100 $4 5 200 5 10 15 1006 20 150 7 Total $400 1,000 100 $10 $1,000 T 600 1,050 20011 $2,200 30 160 710 1,280 $4,330 Totals 300 $3,200 If Santa Fe uses periodic average costing, how much was the COGS and ending inventory ($) balance
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