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The following is a record of Teal Company's transactions for the month of May 2017 May 1 12 Balance 420 units @ $19 Purchase 540

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The following is a record of Teal Company's transactions for the month of May 2017 May 1 12 Balance 420 units @ $19 Purchase 540 units @ $23 May 10 Sale 320 units @ $40 20 Sale 470 units @ $40 Compute the cost of ending inventory using the moving average method. (Round average cost per unit to 3 decimal places, es. 1.286 and final answer to 0 decimal places, e:s. 5,125.) Ending inventory $

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