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Question 2 The following information is for the inventory of mini-kettles at Sarasota Company Limited for the month of May. Date Unit Price Total Units

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Question 2 The following information is for the inventory of mini-kettles at Sarasota Company Limited for the month of May. Date Unit Price Total Units In 110 830 Unit Cost $4.40 4.40 $7.40 7.60 $2,442 2,508 Transaction Balance Purchase Sale Sale Purchase Sale Purchase Sale Purchase Sale 400 May 1 6 7 10 12 15 18 22 25 30 Totals 4.80 Units Total Sold $484 3,652 330 330 1,920 230 1,750 400 2.332 230 $10,138 1,520 8.00 1,840 350 5.00 8.00 3,200 530 4.40 7.40 1,702 $11,692 2,220 Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO. Ending inventory s Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under moving average. (Round unit cost to 3 decimal places, e.g. 52.752 and final answer to 2 decimal places, e.g. 52.75.) Ending inventory $

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