b

Sheffeld Appliance Mart began operations on May 1. It uses a perpetual inventory system. During May, the company had the following purchases and sales for its Model 25 Sureshot camera. Determine the ending inventory under a perpetual inventory system using (1) FIFO and (2) moving-average cost. (Round moving average unit cost to 3 decimal places, e.g. 25.167 and final answers to 0 decimal places, e.8. 2,150.)