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The following information is for the inventory of mini-kettles at Flint Company Limited for the month of May. Date Transaction Units In Unit Cost Total

The following information is for the inventory of mini-kettles at Flint Company Limited for the month of May.

Date Transaction Units In Unit Cost Total Units Sold Unit Price Total
May 1 Balance 100 $4.40 $440
6 Purchase 850 4.40 3,740
7 Sale 330 $7.00 $2,310
10 Sale 330 7.60 2,508
12 Purchase 440 4.80 2,112
15 Sale 250 7.80 1,950
18 Purchase 350 5.00 1,750
22 Sale 440 7.60 3,344
25 Purchase 510 4.60 2,346
30 Sale 250 7.60 1,900
Totals 2,250 $10,388 1,600

$12,012

Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under moving-average. (Round unit cost to 3 decimal places, e.g. 52.752 and final answer to 2 decimal places, e.g. 52.75.)

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