Question

The following information was collected from the inventory records of a company for the month of...

The following information was collected from the inventory records of a company for the month of March, 2009. During March the company sold 90 units of its product at $25 per unit.

Date

Units

Unit Cost

Total Cost

Beginning inventory

March 1

20

$10.00

$200

Purchase

March 5

35

$12.00

$420

Purchase

March 10

70

$13.00

$910

Purchase

March 17

25

$15.00

$375


Determine ending inventory for the month of March using average cost method (round answer to the nearest integer)

10

762

12

200
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