At May 1, 2020, Marigold Company had beginning inventory consisting of 220 units with a unit cost of $5.50. During May, the company purchased inventory as follows: 720 units at $5.50 560 units at $7.00 The company sold 1030 units during the month for $11 per unit. Marigold uses the average cost method. The average cost per unit for May is $7.000 $6.060. $8.140. $5.500 Attempts: 0 of 1 used Submit AS Sang for late Last sved 5 minutes ago Saved work will be auto-submitted on the due date. A company just starting business made the following four inventory purchases in June: Date June 1 June 10 June 15 June 28 Number of units purchased 150 units 250 units 250 units 150 units Total cost $430 580 640 480 $2130 A physical count of merchandise inventory on June 30 reveals that there are 340 units on hand. Using the LIFO inventory method. the value of the ending inventory on June 30 is $966 5839. $1164. 5871 Saveta bat Attempts: 0 of 1 used Sub Swifty Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Units Total Per Unit Price $5 250 $1250 90 5.2 Balance, 1/1/20 Purchase, 1/15/20 Purchase, 1/28/20 468 90 5.7 513 An end of the month (1/31/20) inventory showed that 180 units were on hand. If the company uses LIFO, what is the value of the ending inventory? > $981 5900 5945 $936 Se for Late Attempts: 0 of 1 used Submit Arswer