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Some of the information found on a detail inventory card for Sage Inc. for the...

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Accounting

Some of the information found on a detail inventory card for Sage Inc. for the first month of operations is as follows.

Received

Date

No. of Units

Unit Cost

Issued, No. of Units

Balance, No. of Units
January 2 1,600 $4.65 1,600
7 1,100 500
10 1,000 4.96 1,500
13 900 600
18 1,400 5.12 700 1,300
20 1,100 200
23 1,700 5.27 1,900
26 1,200 700
28 2,000 5.43 2,700
31 1,700

1,000

1. If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be the amount of the ending inventory?

*THIS IS A PERPETUAL INVENTORY RECORD SYSTEM. Everyone keeps giving me the periodic answers. I need PERPETUAL. Please help me, my teacher did not go over this in class.

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