Question: Oriole Top uses the periodic inventory system. For the current month, the beginning inventory consisted of 485 units that cost $66 each. During the month,
Oriole Top uses the periodic inventory system. For the current month, the beginning inventory consisted of 485 units that cost $66 each. During the month, the company made two purchases: 725 units at $69 each and 364 units at $71 each. Oriole also sold 1198 units during the month. If the average-cost method is used, what is the amount of ending inventory? (Round average cost per unit to 2 decimal places, e.g. 21.48.) O $25771. O $26696. O $82111. O $81183
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