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Trini Company had the following transactions for the month. Number of Units Cost per Unit Total Beginning inventory 1,080 $22 $23,760 Purchased May 31 1,030
Trini Company had the following transactions for the month. Number of Units Cost per Unit Total Beginning inventory 1,080 $22 $23,760 Purchased May 31 1,030 23 23,690 Purchased Jul. 15 1,340 26 34,840 Purchased Nov. 1 1,240 27 33,480 Totals (goods available) 4,690 115,770 Ending inventory 920 ? 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) $ 24,840 B. Last-in, First-out (LIFO) $ 20,240 C. Weighted Average (AVG) $ 30,670 X
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