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SHOW WORK Concord Corporation uses the periodic inventory system. For the current month, the beginning inventory consisted of 476 units that cost $63 each. During
SHOW WORK
Concord Corporation uses the periodic inventory system. For the current month, the beginning inventory consisted of 476 units that cost $63 each. During the month, the company made two purchases: 715 units at $66 each and 361 units at $68 each. Concord Corporation also sold 1203 units during the month. Using the average cost method, what is the amount of ending inventory? (Round average cost per unit to 2 decimal places, e.g. 21.48.) O $78857 $22877 O $23732. O $77994Step by Step Solution
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