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Inventory records for a company revealed the following: Date Transaction Mar. 1 Beginning inventory Mar.10 Purchase Mar.16 Purchase Mar.23 Purchase Number of Units 1,080 560
Inventory records for a company revealed the following: Date Transaction Mar. 1 Beginning inventory Mar.10 Purchase Mar.16 Purchase Mar.23 Purchase Number of Units 1,080 560 421 540 Unit Cost $7.12 7.62 8.22 8.92 The compny sold 1,930 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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