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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 $36.00 October 7 Purchase 3,000 37.20 October 12 Sales 3,600 October 21 Purchase 4,800 38.00 October 22 Sales 3,800 October 29 Purchase 1,600 38.60 If Martin Inc. uses a periodic average cost inventory system, the ending inventory of supply number 47519 at October 31 is reported as (round the average cost to the nearest cent): $152,232 $150,160 $146,400 $150,080
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