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 2800 2.9378
Purchase 10-Aug 7500 3.2816
Purchase 21-Aug 2100 4.1869
Purchase 29-Aug 6900 4.1477

Sales during the year were 12500 units. Peter Co uses the FIFO assumption with the periodic inventory method. The value of the closing inventory at the end of the period is:

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