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Find the value of ending inventory

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Reference no: EM133180523

Question - The following units of an inventory item were available for sale during the year:

Beginning inventory 12 units at $47

First purchase 18 units at $48

Second purchase 26 units at $50

Third purchase 19 units at $51

The firm uses the periodic inventory system. During the year, 26 units of the item were sold.

Required - Find the value of ending inventory rounded to the nearest dollar using average cost?

a. $1,222

b. $1,236

c. $1,319

d. $2,415

Reference no: EM133180523

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