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Martin Inc. is a wholesaler of office supplies. The activity for supply number 47519 during October is shown below: Date Balance/Transaction Units Cost October 1

Martin Inc. is a wholesaler of office supplies. The activity for supply number 47519 during October is shown below:

Date

Balance/Transaction

Units

Cost

October 1

Inventory

2,000

$10.00

October 7

Purchase

3,000

11.00

October 12

Sales

3,600

October 21

Purchase

4,000

12.00

October 22

Sales

3,800

October 29

Purchase

2,000

13.00

If Martin Inc. uses a periodic LIFO cost inventory system, the ending inventory of supply number 47519 at October 31 is reported as (round the average cost to the nearest cent):

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