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Ehrhart Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 5 sets at $620 each. On January 10,
Ehrhart Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 5 sets at $620 each. On January 10, Ehrhart purchased 6 units at $670 each. The company sold 2 units on January 8 and 5 units on January 15.
Compute the ending inventory under FIFO. (Round answer to 0 decimal places, e.g. 1,250.)
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