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Coronado Industries uses the periodic inventory system. For the current month, the beginning inventory consisted of 484 units that cost $69 each. During the month,
Coronado Industries uses the periodic inventory system. For the current month, the beginning inventory consisted of 484 units that cost $69 each. During the month, the company made two purchases: 722 units at $72 each and 359 units at $74 each. Coronado Industries also sold 1205 units during the month. Using the average cost method, what is the amount of ending inventory? (Round average cost per unit to 2 decimal places, e.g. 21.48.)
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