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The following information is for the inventory of mini-kettles at Blue Spruce Company Limited for the month of May. Units In 130 Units Sold Unit
The following information is for the inventory of mini-kettles at Blue Spruce Company Limited for the month of May. Units In 130 Units Sold Unit Price Date May 1 6 Total Unit Cost $4.20 4.20 Total $546 3,360 800 7 320 $7.20 $2,304 2,432 320 7.60 10 12 Transaction Balance Purchase Sale Sale Purchase Sale Purchase Sale Purchase Sale 450 4.60 2,070 15 250 8.00 2,000 330 4.80 1,584 18 22 450 8.00 3,600 25 550 4.40 2,420 7.40 30 Totals 250 1,590 1,850 $12,186 2,260 $9,980 * 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.) $ $ 2970.11 Ending inventory e Textbook and Media
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