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What the dollar value of Ending Inventory for month of May

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Problem - Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019:

Date

Activity

Quantity

Unit Price

5/1

Beginning Inventory

100

$13

5/5

Purchase

250

$15

5/15

Purchase

230

$14

5/25

Purchase

125

$21

Required - Sales were 424 units at $35. Using the Weighted Average method, what the dollar value of Ending Inventory for the month of May?

Reference no: EM132838674

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