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Kestrel Manufacturing uses the periodic inventory system. For the current month, the beginning inventory consisted of 476 units that cost $63 each. During the month,
Kestrel Manufacturing uses the periodic inventory system. For the current month, the beginning inventory consisted of 476 units that cost $63 each. During the month, the company made two purchases: 718 units at $66 each and 365 units at $68 each. Kestrel Manufacturing also sold 1,195 units during the month. Using the average cost method, what is the amount of ending inventory? (Round average cost per unit to 2 decimal places, e.g. 21.48.)
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$78,332
$24,752
$77,444
$23,860
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