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Sunrise Ltd. has the following units and costs for the month of April. 1. Beginning inventory, April 1, 1,500 units at $40 (Cost) 2. Purchase
Sunrise Ltd. has the following units and costs for the month of April. 1. Beginning inventory, April 1, 1,500 units at $40 (Cost) 2. Purchase 1, April 9, 1,800 units at $46 (cost) 3. Sold 1, April 12, 2,150 units at $80 (Retail) 4. Purchase 2, April 22, 1,200 units at $50 (Cost) 5. Sold 2, April 28, 1,300 units at $75 (Retail) Required: If Sunrise uses a perpetual inventory system, what is the cost of ending inventory under FIFO at April 30?
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