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Rudd Company made the following merchandise purchases during the current year: Jan. 1 May 1 380 units at $15.00 270 units at $20.00 300 units
Rudd Company made the following merchandise purchases during the current year: Jan. 1 May 1 380 units at $15.00 270 units at $20.00 300 units at $24.00 250 units at $30.00 June 1 Oct. 1 There was no beginning inventory, but ending inventory consisted of 400 units. If Rudd uses the moving-average cost method and the periodic inventory system, what would be the cost of the ending inventory
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