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The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Pai, Inc. for an operating period. Units Unit
The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Pai, Inc. for an operating period.
|
|
Units | Unit Cost |
| Total Cost |
| Units Sold |
| Beginning Inventory | 32 | $54 |
| $1,728 |
|
|
| Sale No. 1 |
|
|
|
|
| 10 |
| Purchase No. 1 | 28 | 60 |
| 1,680 |
|
|
| Sale No. 2 |
|
|
|
|
| 32 |
| Purchase No. 2 | 20 | 57 |
| 1,140 |
|
|
| Totals | 80 |
|
| $4,548 |
| 42 |
Assuming Pai, Inc. uses weighted-average (periodic) inventory procedures, the ending inventory cost is:
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