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The following information is for the inventory of mini-kettles at Sarasota Company Limited for the month of May: Unit Cost $4.20 Units Sold Unit Price
The following information is for the inventory of mini-kettles at Sarasota Company Limited for the month of May: Unit Cost $4.20 Units Sold Unit Price Units In 130 800 Total Total $546 3,360 4.20 Date Transaction May 1 Balance 6 Purchase 7 Sale 10 Sale 12 Purchase 15 Sale 18 Purchase 22 Sale 350 350 $7.20 7.40 $2,520 2,590 410 4.80 1,968 220 7.80 1,716 320 4.80 1,536 410 7.80 3,198 540 4.40 2,376 25 Purchase 30 Sale Totals 7.60 1,672 220 1.550 2,200 $9,786 $11,696 Assuming that the periodic inventory method is used, calculate the inventory cost at May 31 under FIFO. $ Ending inventory e Textbook and Media 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 O decimal places, e.g. 5,275.) $ Ending inventory
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