ABC Company's beginning inventory on January 1, 2022 consisted of 1,000 units costing $1.50 per unit....

 

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ABC Company's beginning inventory on January 1, 2022 consisted of 1,000 units costing $1.50 per unit. ABC's inventory records for 2022 revealed the following: Quantity. Cost 2,500 $3,750 January 25 February 15 March 21 April 5 April 20 May 20 July 22 September 10 October 14 4,000 8,000 3,000 7,500 1,500 4,500 3,200 9,600 Quantity Sales 800 $3,400 1,500 6,375 2,500 10,625 1,300 5,525 November 10 2,100 8,925 Sales during the period consisted of 8,200 units, made at a selling price of $4.25 per unit. Assuming the use of the perpetual first-in, first-out inventory costing method, the ending inventory would be: ABC Company's beginning inventory on January 1, 2022 consisted of 1,000 units costing $1.50 per unit. ABC's inventory records for 2022 revealed the following: Quantity. Cost 2,500 $3,750 January 25 February 15 March 21 April 5 April 20 May 20 July 22 September 10 October 14 4,000 8,000 3,000 7,500 1,500 4,500 3,200 9,600 Quantity Sales 800 $3,400 1,500 6,375 2,500 10,625 1,300 5,525 November 10 2,100 8,925 Sales during the period consisted of 8,200 units, made at a selling price of $4.25 per unit. Assuming the use of the perpetual first-in, first-out inventory costing method, the ending inventory would be: ABC Company's beginning inventory on January 1, 2022 consisted of 1,000 units costing $1.50 per unit. ABC's inventory records for 2022 revealed the following: Quantity. Cost 2,500 $3,750 January 25 February 15 March 21 April 5 April 20 May 20 July 22 September 10 October 14 4,000 8,000 3,000 7,500 1,500 4,500 3,200 9,600 Quantity Sales 800 $3,400 1,500 6,375 2,500 10,625 1,300 5,525 November 10 2,100 8,925 Sales during the period consisted of 8,200 units, made at a selling price of $4.25 per unit. Assuming the use of the perpetual first-in, first-out inventory costing method, the ending inventory would be:

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