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Campus The following information was available from the inventory records of Red Apron Co. for May: Units Unit Cost Total Cost Balance at May 1
Campus 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 $893 $981
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