Question: Current Attempt in Progress Suppose that Target Corporation uses the periodic inventory system to account for inventories and has the following information at October 31.
Current Attempt in Progress Suppose that Target Corporation uses the periodic inventory system to account for inventories and has the following information at October 31. October 1 Beginning inventory 200 units @ $9.00 - $1,800 8 Purchase 1,000 units @ $9.40 = 9,400 16 Purchase 400 units @ $9.80- 3,920 24 Purchase 400 units @ $10.60 = 4,240 Total units and cost 2,000 units $19,360 (a) Your answer is correct. Determine the ending inventory using the FIFO cost assumption if 500 units remain on hand at October 31. Ending inventory 5220 (a) Your answer is correct. Determine the ending inventory using the FIFO cost assumption if 500 units remain on hand at October 31. Ending inventory (b) eTextbook and Media 5220 Attempts: 2 of 3 used Determine the ending inventory using the average-cost method if 500 units remain on hand at October 31. (Round average cost per unit to 2 decimal places, eg. 5.25 and final answer to O decimal places, eg. 2,520.) Ending inventory $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit
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