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 2700 2.8783
Purchase 10-Aug 7200 3.0394
Purchase 21-Aug 2800 4.4575
Purchase 29-Aug 5700 5.7738

Sales during the year were 12800 units. Peter Co uses the FIFO assumption with the periodic inventory method. The value of the cost of sales is:

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