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ampus The following information was available from the inventory records of Red Apron Co. for May: Units Unit Cost Total Cost Balance at May 1

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ampus The following information was available from the inventory records of Red Apron Co. for May: Units Unit Cost Total Cost Balance at May 1 15 $25 $375 Purchases: May 5 25 30 750 May 13 20 35 700 May 27 25 40 1000 Sales: May 8 (20) May 21 (15) May 30 (30) Assuming that Red Apron adopts perpetual inventory system, what should be the inventory at May 31, using the weighted average inventory method? (All unit costs should be rounded to the nearest cent, and the final answer should be rounded to the nearest dollar) $624 $716

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