Reference no: EM132704354

The following entries are recorded in Emerald Landscapes:

1. 10/15/20XY Purchase of 10 Decorative Spotlights for $10.00 each and 10 Ornamental Trees for $125.00 each for purchase.
2. 10/20/20XY Emerald Landscapes discovers that 6 of the Decorative Spotlights are defective and sends them back to the vendor for credit.
3. 10/25/20XY Purchase of 3 Decorative Spotlights for $10.50 each and 10 Ornamental Trees for $110.00 each.
4. 10/28/20XY Emerald Landscapes' employee, Joe, drops an Ornamental Tree off the truck while driving to the worksite and the tree is damaged beyond repair. Emerald Landscapes records an inventory adjustment to reduce inventory by the 1 item.
5. 10/28/20XY Emerald Landscapes creates an invoice for Cathy's Fitness center for the following items:

Item                        Quantity            Rate              Amount

Ornamental trees       12                     195.00            2340.00

Decorative spotlights   6                     19.95              119.70

Labor                         4                  75.00                 300.00

Problem 1: What is the ending inventory value for Ornamental Trees and Decorative Spotlights as of 10/31/20XY? Round up to the nearest penny