Gray Company uses the periodic inventory system to account for inventories. Information related to Gray Company's inventory at October 31 is given below: October 1 Beginning inventory 8 16 24 Purchase Purchase Purchase Total units and cost Ending inventory $ 400 units @ $9.80 = 800 units @ $10.40 = 600 units @ $10.80 200 units @ $11.80 eTextbook and Media 2,000 units = E $3,920 8,320 6,480 2,360 Calculate value of the ending inventory using the FIFO cost assumption if 550 units remain on hand at October 31. (Round per unit cost calculations to 2 decimal places, e.g. 5.25 and final answer to 0 decimal places, e.g. 5,275.) $21,080

Gray Company uses the periodic inventory system to account for imventories. Information related to Gray Compamys inventory at October 31 is given below: Calculate value of the ending imventory using the FIFO cost assumption if 550 units remain on hand at October 31 . (Round per unit cost calculations to 2 decimal places, es. 5.25 and final answer to 0 decimal places, es. 5.275) Ending inventory Calculate value of the ending inventory using the weighted-average cost method if 550 units remain on hand at October 31 . (Round per unit cost calculations to 2 decimal places, es, 5.25 and find answer to 0 decimal ploces, es 5,275 ) Ending imventory eTextbook and Media Calculate value of the ending inventory using the LFO cost assuraption if 550 units remain on hand at October 31 . (Round per unit cost calculotions to 2 decimal places, es. 5.25 and final answer to 0 decimal nlaces, es. 5,275.) Ending inventory