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What is the value of ending inventory under the periodic

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Reference no: EM132971277

Pots and Pans Food Fans, Inc, uses the periodic weighted average method of accounting to account for their inventory. During the month of January the following transactions took place.

Date                       Transaction          Units Cost per            Unit

January 1           Beginnng Inventory        46                         5.25
January 5           Purchase                       24                       4.90
January 7             Sale                             15
January 10          Sale                               18
January 21             Purchase                     20                        4.75

Problem 1: What is the value of ending inventory under the periodic weighted average method for the month of January? Round your answer to 2 decimal places.

Reference no: EM132971277

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