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During June, the following changes in inventory item 27 took place under a PERPETUAL INVENTORY SYSTEM. What is the cost of the ending inventory at
During June, the following changes in inventory item 27 took place under a PERPETUAL INVENTORY SYSTEM. What is the cost of the ending inventory at June 30 for item 27 under FIFO? Answer to nearest whole dollar without any commas or decimal points eg. 1000 not 1,000.00 Enter a negative number as -10 not (10). June 1 Balance 1,575 units @ $28 cost 14 Purchased 765 units @ $40 cost 24 Purchased 1,441 units @ $32 cost 8 Sold 431 units @ $61 retail 10 Sold 978 units @ $46retail 29 Sold 555 units @ $80 retail
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