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What would be the cost of the ending inventory

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Reference no: EM132742244

Problem - A company's inventory records indicate the following data for the month of April:

April 1 beginning 350 units at $18 each

April 5 purchase 290 units at $20 each

April 9 sale 500 units at $55 each

April 14 purchase 250 units at $22 each

April 20 sale 200 units at $55 each

April 30 purchase 240 units at $25 each

If the company uses the first-in, first-out (FIFO) method and the perpetual inventory system, what would be the cost of the ending inventory?

Reference no: EM132742244

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