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Exercise 8-19 The following information is for the inventory of mini-kettles at Pronghorn Company Limited for the month of May. Units Unit Units Unit Date
Exercise 8-19 The following information is for the inventory of mini-kettles at Pronghorn Company Limited for the month of May. Units Unit Units Unit Date Transaction May 1 In Cost Total Sold Price Total Balance 100 $4.4 $440 Purchase 800 4.5 3,600 Sale Sale Purchase 400 4.8 1,920 Sale Purchase 300 4.9 1,470 Sale Purchase 500 4.88 2,440 Sale 300 7 $2,100 10 12 15 18 300 7.3 2,190 200 7.4 1,480 400 7.4 2,960 200 7.5 1,500 25 30 Totals 2,100 $9,870 1,400 $10,230 Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO. Ending inventory S
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