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Lisa Company uses the periodic inventory system to account for inventories. Information related to Lisa Company's inventory at October 31 is given below: October $3,822

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Lisa Company uses the periodic inventory system to account for inventories. Information related to Lisa Company's inventory at October 31 is given below: October $3,822 1 Beginning inventory 8 Purchase 390 units X $9.80 = 790 units x $10.50 8,295 16 Purchase 590 units X $ 10.60 = 6,254 24 Purchase 195 units x $11.60 - 2.262 Total units and cost 1.965 units $20,633 Value the ending inventory using the weighted average cost method if 500 units remain on hand at October 31. (Round average cost per unit to 2 decimal places, e.g. 5.25 and final answer to O decimal places, e.g. 2,520.) Ending Inventory $

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