Suppose that Patagonia Inc. uses the periodic inventory system to account for inventories and has the following information at

January 31:

January

1

8

16

24

Beginning inventory

Purchase

Purchase

Purchase

Total units and cost

200 units

1,000 units

400

units

400 units

2.000

units

@

@

@

@

$5.00

$5.40

$5.80

$6.60

$1.000

5,400

2,320

2,640

$11,360

Determine the ending inventory using the average-cost method if 600 units remain p hand at January 31. (Round average unit cost

to 2 decimal places, e.g. 5.25 and final answers to O decimal places, e.g. 2,520.)

Your answer has been saved. See score details after the due date: Determine the ending inventory using the FIFO cost assumption if 600 units remain on hand at January 31. Ending inventory $ Attempts: 1 of 1 used (b) Determine the ending inventory using the average-cost method if 600 units remain ch hand at January 31 . (Round average unit cost to 2 decimal places, eg. 5.25 and final answers to 0 decimal places, e. . 2.520.) Ending inventory Attempts: 0 of 1 used (c) The parts of this question must be completed in order. This part will be available when you complete the part above