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inventory records for a Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 1,010 $ 7.11 Mar. 10 Purchase
inventory records for a Company revealed the following:
Date | Transaction | Number of Units | Unit Cost | |||||
Mar. | 1 | Beginning inventory | 1,010 | $ | 7.11 | |||
Mar. | 10 | Purchase | 510 | 7.61 | ||||
Mar. | 16 | Purchase | 422 | 8.21 | ||||
Mar. | 23 | Purchase | 530 | 8.91 | ||||
The company sold 1,820 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)
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