The following information is for the inventory of mini-kettles at Marigold Company Limited for the...
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The following information is for the inventory of mini-kettles at Marigold Company Limited for the month of May: Units Unit Units Unit Date Transaction In Cost Tota Sold Price Total May 1 Balance 120 $4.00 $480 6 Purchase 850 4.403,740 7 Sale 10 Sale 12 Purchase 430 4.60 1,978 15 Sale 18 Purchase 300 4.60 1,380 22Sale 25 Purchase 520 4.60 2,392 30 Sale Totals 330 $7.40 $2,442 330 7.40 2,442 250 8.00 2,000 430 8.00 3,440 250 7.40 1,850 $12,174 220 $9,970 1,590 (a1) Your answer is correct. Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO Ending inventory $28 Attempts: 2 of 3 used *(a2) X] Your answer is incorrect. Try again. 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. 52.751 and final answer to 2 decimal places, e.g. 52.75.) 9970 Ending inventory
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