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The Following Data represent the beginning inventory and, in order of occurrence, the purchases and sales of Ilse's Garden., for an operating period. Units Unit
The Following Data represent the beginning inventory and, in order of occurrence, the purchases and sales of Ilse's Garden., for an operating period. | ||||
Units | Unit Cost | Total Cost | Unit Sold | |
Beginning Inventory | 30 | $21 | $630 | |
Sale No.1 | 20 | |||
Purchase No. 1 | 50 | 30 | 1500 | |
Sale No.2 | 40 | |||
Purchase No. 2 | 20 | 33 | 660 | |
Totals | 100 | 2790 | 60 | |
Assuming Ilse's Garden, Inc. uses weighted-average (periodic) inventory procedures, the ending inventory cost is: |
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