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The following information is for the inventory of mini-kettles at Whispering Winds Company Limited for the month of May: Date Transaction Units In Unit Cost
The following information is for the inventory of mini-kettles at Whispering Winds Company Limited for the month of May:
| Date | Transaction | Units In | Unit Cost | Total | Units Sold | Unit Price | Total | |||||||||||||
| May 1 | Balance | 140 | $4.20 | $588 | ||||||||||||||||
| 6 | Purchase | 830 | 4.20 | 3,486 | ||||||||||||||||
| 7 | Sale | 330 | $7.40 | $2,442 | ||||||||||||||||
| 10 | Sale | 330 | 7.60 | 2,508 | ||||||||||||||||
| 12 | Purchase | 450 | 5.00 | 2,250 | ||||||||||||||||
| 15 | Sale | 240 | 7.80 | 1,872 | ||||||||||||||||
| 18 | Purchase | 340 | 5.00 | 1,700 | ||||||||||||||||
| 22 | Sale | 450 | 7.60 | 3,420 | ||||||||||||||||
| 25 | Purchase | 530 | 4.40 | 2,332 | ||||||||||||||||
| 30 | Sale | 240 | 7.40 | 1,776 | ||||||||||||||||
| Totals | 2,290 | $10,356 | 1,590 | $12,018 | ||||||||||||||||
Assuming that the periodic inventory method is used, calculate the inventory cost at May 31 under FIFO.
Ending inventory??
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