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The following information is for the inventory of mini-kettles at Grouper Company Limited for the month of May: Units Sold Unit Price Total Units In
The following information is for the inventory of mini-kettles at Grouper Company Limited for the month of May: Units Sold Unit Price Total Units In 130 810 Unit Cost $4.20 4.40 Total $546 3,564 410 5.00 2,050 Date Transaction May 1 Balance 6 Purchase 7 Sale 10 Sale 12 Purchase 15 Sale 18 Purchase 22 Sale 25 Purchase 30 Sale Totals 330 330 230 410 $7.20 7.60 8.00 8.00 350 4.80 1,680 $2,376 2,508 1,840 3,280 1,748 $11,752 540 4.60 2,484 7.60 2,240 $10,324 230 1,530 Assuming that the periodic inventory method is used, calculate the inventory cost at May 31 under FIFO. Ending inventory $ Assuming that the periodic inventory method is used, calculate the inventory cost at May 31 under weighted average. (Round weighted average unit cost to 2 decimal places, e.g. 52.75 and final answer to 0 decimal places, e.g. 5,275.) Ending inventory $
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