The following information is for the inventory of mini-kettles at Pina Colada Company Limited for...
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Accounting
The following information is for the inventory of mini-kettles at Pina Colada Company Limited for the month of May. Units Sold Unit Price Total Date May 1 6 7 Units In 120 820 Unit Cost $4.20 4.20 Total $504 3,444 340 340 $7.20 7.40 $2,448 2,516 10 12 Transaction Balance Purchase Sale Sale Purchase Sale Purchase Sale Purchase Sale 410 4.60 1,886 240 8.00 1,920 15 18 340 4.80 1,632 22 410 8.00 3,280 540 4.60 2,484 25 30 Totals 240 7.40 1,776 2,230 $9,950 1,570 $11,940 Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO. $ $ Ending inventory eTextbook and Media Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under moving average. (Round unit cost to 3 decimal places, e.g. 52.752 and final answer to 2 decimal places, e.g. 52.75.) $ Ending inventory
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