The following information is for the inventory of mini-kettles at Marigold Company Limited for the month...

 

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The following information is for the inventory of mini-kettles at Marigold Company Limited for the month of May: Units Unit Units Unit Price Date Transaction In Cost Total Sold Total May 1 Balance 120 $4.00 $480 6 Purchase 850 4.40 3,740 Sale 330 $7.40 $2,442 10 Sale 330 7.40 2,442 12 Purchase 430 4.60 1,978 15 Sale 250 8.00 2,000 18 Purchase 300 4.60 1,380 22 Sale 430 8.00 3,440 25 Purchase 520 4.60 2,392 30 Sale 250 7.40 1,850 2,220 $9,970 1,590 $12,174 Totals *(a1) Your answer is correct. Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO. Ending inventory $2898 Attempts: 2 of 3 used *(a2) X Your answer is incorrect. Try again. Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under moving-average. (Round unit cost to 3 decimal places, e.g. 52.751 and final answer to 2 decimal places, e.g. 52.75.) 9970 Ending inventory $ The following information is for the inventory of mini-kettles at Marigold Company Limited for the month of May: Units Unit Units Unit Price Date Transaction In Cost Total Sold Total May 1 Balance 120 $4.00 $480 6 Purchase 850 4.40 3,740 Sale 330 $7.40 $2,442 10 Sale 330 7.40 2,442 12 Purchase 430 4.60 1,978 15 Sale 250 8.00 2,000 18 Purchase 300 4.60 1,380 22 Sale 430 8.00 3,440 25 Purchase 520 4.60 2,392 30 Sale 250 7.40 1,850 2,220 $9,970 1,590 $12,174 Totals *(a1) Your answer is correct. Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO. Ending inventory $2898 Attempts: 2 of 3 used *(a2) X Your answer is incorrect. Try again. Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under moving-average. (Round unit cost to 3 decimal places, e.g. 52.751 and final answer to 2 decimal places, e.g. 52.75.) 9970 Ending inventory $

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