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Assume that we use a perpetual inventory system and that five identical units are purchased at the following four dates and costs: April 5 April 10 April 15 April 20 April 22 $ 10 $ 12 $ 14 $ 16 $ 17 One unit is sold on April 25. The company uses the weighted average inventory costing method. Identify the cost of the ending inventory on the balance sheet. (Round your answer to 2 decimal places.) Cost of the ending inventory A company uses a periodic Inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per unit On August 3, the company purchased 16 units at $14 per unit. Then, on August 5, the company sold 12 units. The 12 units sold consisted of 7 units from the August 3rd purchase and 5 units from the August ist beginning inventory, Using specific Identification, the cost of the 12 units sold is Cost of the units sold Assume that we use a perpetual inventory system and that five identical units are purchased at the following dates and costs: $ 10 $ 12 Aprils April 10 April 15 April 20 April 22 $ 14 $ 16 $ 17 One unit is sold on April 25. The company uses the first-in, first-out (FIFO) inventory costing method Identify the cost of the ending inventory on the balance sheet Cost of the ending inventory $ 09

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