Question: Logan uses a perpetual inventory system on a fifo basis. Assuming inventory on January 1 was 1200 units at 7.50 each what is the cost

Logan uses a perpetual inventory system on a fifo basis. Assuming inventory on January 1 was 1200 units at 7.50 each what is the cost of ending inventory on October 5

Help Save & Exit Submit 3 Logan Company uses a perpetual inventory system on a FIFO basis. Assuming inventory on January 1 was 1,200 units at $7.50 each. Received Sold Date Quantity Cost per unit Date Quantity April 15 170 $ 4.50 March 8 500 November 12 1, 850 8.50 October 5 300 What is the cost of ending inventory at the end of October 5? Note: Round your intermediate calculations to the nearest cent and final answer to nearest whole dollar. Ending inventory Mc Graw Hill 1:36 PM m w X 4/16/2023 Type here to search BANG & OLUFSEN prt ser delete 19 FREE insert backspace % & O @ 2 # 3 $ 4 6 P

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