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In 140 820 Cost $4.00 4.40 450 5.00 Date Transaction May 1 Balance Purchase Sale Sale Purchase Sale Purchase Sale 25 Purchase Sale Totals Units

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In 140 820 Cost $4.00 4.40 450 5.00 Date Transaction May 1 Balance Purchase Sale Sale Purchase Sale Purchase Sale 25 Purchase Sale Totals Units Unit Total Sold Price Total $560 3,608 350 $7.20 $2,520 350 7.40 2,590 2,250 250 8.00 2,000 1,650 450 7.60 3,420 2,530 $10,598 1,650 7.40 512,850 $12,380 330 5.00 22 550 4.60 Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO. Ending inventory $ LINK TO TEXT LINK TO TEXT Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under moving average. (Round unit cost to 3 decimal places, e.g. 52.752 and final answer to 2 decimal places, e.g. 52.75.) Ending inventory $

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