QUESTION 21 Reference: 07-01 Shillings had the following inventory activity during April: Units Unit cost Beginning inventory 800 $10.00 Purchase: April 4 1,400 11.00 Sale: April 8 (1,500) Purchase: April 12 900 10.50 Sales: April 24 |(900) Total cost $8,000 15,400 19,450 If Shillings is using a perpetual system and the weighted average costing assumption, what is the ending inventory closest to? $7.588 $7.460 $8,470 $7,392