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During the past year, Future Diner's sold 694 dining sets. Inventory records for the year are as follows. DATE QUANTITY COST TOTAL January 1 Beginning
During the past year, Future Diner's sold 694 dining sets. Inventory records for the year are as follows. DATE QUANTITY COST TOTAL January 1 Beginning Inventory 400 $3,185 $ 1,274,000 June 22 Purchase 200 2,615 523,000 July 9 Purchase 150 2,805 420,750 September 17 Purchase 150 3,014 452,100 December 14 Purchase 400 2,615 1,046,000 Total available for sale 1,300 $3,715,850 Using the average cost method of inventory pricing calculate the dollar value of the ending inventory. (Round your answer to 2 decimal places.) $1,732,157.77 $1,857,925.00 $1,983,692.23 $2,458,136.68
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