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Glasgow Enterprises started the period with 60 units in beginning inventory that cost $2.20 each. During the period, the company purchased inventory items as follows.
Glasgow Enterprises started the period with 60 units in beginning inventory that cost $2.20 each. During the period, the company purchased inventory items as follows. Glasgow sold 290 units after purchase 3 for $2.20 each.
Purchase | No. of Items | Cost | ||||
1 | 270 | $ | 2.70 | |||
2 | 185 | $ | 2.80 | |||
3 | 55 | $ | 3.20 | |||
Glasgow's ending inventory under weighted average would be approximately: (Round your intermediate calculations to 2 decimal places.)
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