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Trini Company had the following transactions for the month. Number Cost of Units per Unit Total Beginning inventory 1,060 $22 $23,320 Purchased May 31 1,040
Trini Company had the following transactions for the month. Number Cost of Units per Unit Total Beginning inventory 1,060 $22 $23,320 Purchased May 31 1,040 23 23,920 Purchased Jul. 15 1,320 26 34,320 Purchased Nov. 1 1,210 27 32,670 Totals (goods available) 4,630 114,230 Ending inventory 900 ? Calculate the ending inventory dollar value for each of the following cost allocation methods, using periodic inventory updating. Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount. Ending Inventory A. First-in, First-out (FIFO) B. Last-in, First-out (LIFO) C. Weighted Average (AVG)
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