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Trini Company had the following transactions for the month. Number Cost of Units per Unit Total Beginning inventory 1,070 $22 $23,540 Purchased May 31 1,040
Trini Company had the following transactions for the month. Number Cost of Units per Unit Total Beginning inventory 1,070 $22 $23,540 Purchased May 31 1,040 23 23,920 Purchased Jul. 15 1,330 26 34,580 Purchased Nov. 1 1,220 27 32,940 Totals (goods available) 4,660 114,980 Ending inventory 950 ? 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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