A company had the following beginning inventory and purchases during January for a particular item. On January 28, 345 units were sold. What is the cost of the 140 units that remain in the ending inventory, assuming:
a. FIFO
b. Moving weighted average?
Round numbers to the nearest cent. Assume a perpetual inventory system.

Transcribed Image Text:

Beginning inventory on January 1.. Purchase on January 9. Purchase on January 25. Units 310 75 100 485 Unit Cost $3.00 3.20 3.35 Total Cost 930.00 240.00 335.00 1,505.00