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The following information is for the inventory of mini-kettles at Pronghorn Company Limited for the month of May. Units Unit Units Date Transaction In
The following information is for the inventory of mini-kettles at Pronghorn Company Limited for the month of May. Units Unit Units Date Transaction In Cost Total Sold Unit Price Total May 1 Balance 100 $4.00 $400 6 Purchase 810 440 3,564 7 Sale 350 $7.20 $2,520 22 15 10 Sale 350 7.40 2,590 12 Purchase 450 5.00 2.250 15 Sale 250 8.00 2,000 18 Purchase 340 4.80 1.632 22 Sale 450 7.60 3,420 25 Purchase 510 4.60 2.346 30 Sale 250 7.60 1,900 Totals 2.210 $10.192 1,650 $12.430 Your answer is incorrect. Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO. Ending inventory eTextbook and Media Your answer is incorrect. 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, eg. 52.752 and final answer to 2 decimal places, e.g. 52.75) Ending inventory
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