The following inventory transactions took place for Sandhill Corporation for the month of May: Date May...

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The following inventory transactions took place for Sandhill Corporation for the month of May: Date May 1 May 5 May 10 May 15 May 20 May 22 May 24 May 25 beginning inventory purchase purchase sale sale Event purchase purchase sale Ending inventory Quantity 3,000 tA 3,000 4,000 4,000 4,000 2,000 4,000 4,000 Cost/ Selling Price $3.00 3.20 3.30 6.00 6.00 3.50 3.50 Calculate the ending inventory balance for Sandhill Corporation, assuming the company uses a perpetual inventory system and the moving-average cost formula. (Round unit costs to 2 decimal places, e.g. 52.75 and final answer to O decimal places, e.g. 5,275.) 6.00 The following inventory transactions took place for Sandhill Corporation for the month of May: Date May 1 May 5 May 10 May 15 May 20 May 22 May 24 May 25 beginning inventory purchase purchase sale sale Event purchase purchase sale Ending inventory Quantity 3,000 tA 3,000 4,000 4,000 4,000 2,000 4,000 4,000 Cost/ Selling Price $3.00 3.20 3.30 6.00 6.00 3.50 3.50 Calculate the ending inventory balance for Sandhill Corporation, assuming the company uses a perpetual inventory system and the moving-average cost formula. (Round unit costs to 2 decimal places, e.g. 52.75 and final answer to O decimal places, e.g. 5,275.) 6.00

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