Sales Units Unit Cost Unit Price Total Date May 1 Purchases Units 100 200 Total $400 1,000 100 $10 $1,000 15 100 ON 600 1,050 150 200 $2,200 160 710 1.280 $4,330 300 $3,200 If Santa Fe uses FIFO costing, how much was the Ending inventory balance? Santa Fe Tile Company had the following inventory purchases and sales during the month of May. The company use the periodic inventory method. Purchases Sales Date Units Unit Cost Total Units Unit Price Total May 1 100 $400 5 200 1,000 100 $10 $1,000 15 100 600 20150 7 1,050 25 200 11 $2,200 30 160 8 | 1.280 $4,3301 $3,200 If Santa Fe uses average-cost, how much was the Cost of goods sold for the month? 710 Sales Units Unit Cost Unit Price Total Date May 1 Purchases Units 100 200 Total $400 1,000 100 $10 $1,000 15 100 ON 600 1,050 150 200 $2,200 160 710 1.280 $4,330 300 $3,200 If Santa Fe uses FIFO costing, how much was the Ending inventory balance? Santa Fe Tile Company had the following inventory purchases and sales during the month of May. The company use the periodic inventory method. Purchases Sales Date Units Unit Cost Total Units Unit Price Total May 1 100 $400 5 200 1,000 100 $10 $1,000 15 100 600 20150 7 1,050 25 200 11 $2,200 30 160 8 | 1.280 $4,3301 $3,200 If Santa Fe uses average-cost, how much was the Cost of goods sold for the month? 710