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The following inventory transactions took place for Sandhill Corporation for the month of May: Date Event Quantity Cost/ Selling Price May 1 beginning inventory 5,000
The following inventory transactions took place for Sandhill Corporation for the month of May: Date Event Quantity Cost/ Selling Price May 1 beginning inventory 5,000 $3.20 May 5 purchase 2,500 3.40 May 10 purchase 2,500 3.50 May 15 sale 6,000 5.90 May 20 sale 2,000 5.90 May 22 purchase 4,500 3.70 May 24 purchase 1,500 3.70 May 25 sale 6,000 5.90 Calculate the ending inventory balance for Sandhill Corporation, assuming the company uses a perpetual inventory system and the moving-average cost formula. (Round unit costs to 2 decimal places, e.g. 52.75 and final answer to 0 decimal places, e.g. 5,275.) Ending inventory $ ? 
The following inventory transactions took place for Sandhill Corporation for the month of May: Cost/ Selling Price Date Event Quantity May 1 5,000 $3.20 beginning inventory purchase May 5 2,500 3.40 May 10 purchase 2,500 3.50 May 15 sale 6,000 5.90 May 20 sale 2,000 5.90 May 22 purchase 4.500 3,70 May 24 purchase 1,500 3.70 May 25 sale 6,000 5.90 Calculate the ending inventory balance for Sandhill Corporation, assuming the company uses a perpetual inventory system and the moving average cost formula (Round unit costs to 2 decimal places, e.3. 52.75 and final answer to 0 decimal places, es. 5,275) Ending inventory $
The following inventory transactions took place for Sandhill Corporation for the month of May:
Date Event Quantity Cost/
Selling
Price
May 1 beginning inventory 5,000 $3.20
May 5 purchase 2,500 3.40
May 10 purchase 2,500 3.50
May 15 sale 6,000 5.90
May 20 sale 2,000 5.90
May 22 purchase 4,500 3.70
May 24 purchase 1,500 3.70
May 25 sale 6,000 5.90
Calculate the ending inventory balance for Sandhill Corporation, assuming the company uses a perpetual inventory system and the moving-average cost formula. (Round unit costs 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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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
