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The following information is for the inventory of mini-kettles at Marigold Company Limited for the month of May. Unit Price Total Date May 1 6
The following information is for the inventory of mini-kettles at Marigold Company Limited for the month of May. Unit Price Total Date May 1 6 Units Unit In Cost 120 $4.00 850 4.40 7 $7.40 $2,442 2,442 10 7.40 Transaction Balance Purchase Sale Sale Purchase Sale Purchase Sale Purchase Sale 430 12 15 4.60 Units Total Sold $480 3,740 330 330 1,978 250 1,380 430 2,392 250 $9,970 1,590 8.00 2,000 300 4.60 18 22 8.00 3,440 25 520 4.60 30 7.40 1,850 $12,174 Totals 2,220 Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO. Ending inventory $ eTextbook and Media 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.) Ending inventory $ e Textbook and Media
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