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A company's inventory records indicate the following data for the month of Apri Units Acquired at Cost Activities April 1 April 7 Beginning inventory
A company's inventory records indicate the following data for the month of Apri Units Acquired at Cost Activities April 1 April 7 Beginning inventory Purchase Sale Purchase Sale April 11 April 16 April 22 860 units 740 units $36 $30,960 $40-$29,600 1,320 units $110 660 units 544 529,040 400 units #5110 The company uses a periodic inventory system. Determine the cost assigned to ending inventory using the specific ideenfication method. Ending inventory consists of 360 units from the Apr 16 purchase. 80 un from the April 7 purchase, and 500 units from beginning inventory Mh Choce $20 $22640 MADO % 9 2 7 - W 9 4 S 6 1 2 3 4 >
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