Question: Peter Co uses a periodic inventory system and purchases (use 4 decimal points for unit cost) for the month of August were: Date Units Unit

Peter Co uses a periodic inventory system and purchases (use 4 decimal points for unit cost) for the month of August were:

Date Units Unit cost $
Beginning Inventory 1-Aug 2600 2.5497
Purchase 10-Aug 7000 3.5917
Purchase 21-Aug 2200 4.2398
Purchase 29-Aug 5400 4.1742

Sales during the year were 11900 units. Peter Co uses the FIFO assumption with the periodic inventory method. The value of the cost of sales is:

(In your answer you should include at least 2 decimal places)

Answer:

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