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Calculate the dollar value of the ending inventory

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During the past year, Sweeter than Honey Inc. sold 920 beehives. Inventory records for the year are as follows:

DATE   QUANTITY COST TOTAL
January 1 Beginning Inventory 180 $38 $ 6,840
January 30 Purchase 300 32 9,600
March 16 Purchase 150 12 1,800
November 10 Purchase 420 15 6,300
December 14 Purchase 400 43 17,200
Total available for sale   1,450   $41,740

Using the average cost method of inventory pricing, calculate the dollar value of the ending inventory. (Round your answer to 2 decimal places)

Reference no: EM131757401

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