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Given the following data, calculate the cost of ending inventory using the average cost method. (Round any intermediary and final answers to two decimal
Given the following data, calculate the cost of ending inventory using the average cost method. (Round any intermediary and final answers to two decimal places.) Unit Date Item 1/1 Beginning inventory 50 units at $15 per unit 4/25 Purchase of inventory 20 units at $20 per unit 5/19 Purchase of inventory 30 units at $25 per unit 12/31 Ending inventory 40 units $1,140.00 $720.50 $760.00 $600.00
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