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The following inventory transactions took place for Oriole Ltd. for the year ended December 31, 2023: Date Jan 1 Jan 5 Feb 15 Mar 10
The following inventory transactions took place for Oriole Ltd. for the year ended December 31, 2023: Date Jan 1 Jan 5 Feb 15 Mar 10 May 20 Aug 22 Sep 12 24 Dec 5 beginning inventory sale purchase purchase sale Event purchase sale purchase sale Quantity 23,500 5,400 31,600 8,700 39,600 15,400 20,100 9,400 17,600 Cost/ Selling Price $41.00 88.00 33.25 40.00 88.00 30.50 88.00 50.50 88.00 Calculate the ending inventory balance for Oriole Ltd., assuming the company uses a perpetual inventory system and the first-in, first- out cost formula. Also calculate the per-unit cost of the last item sold. (Round unit costs to 2 decimal places, e.g. 52.75 and ending inventory to O decimal places, e.g. 5,276.)
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