Suppose that Target Corporation uses the periodic inventory system to account for inventories and has the...

 

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Suppose that Target Corporation uses the periodic inventory system to account for inventories and has the following information at October 31 October 1 Beginning inventory Purchase Purchase Purchase 8 16 24 Total units and cost 200 units @ $9.00 - 1,000 units @ $9.40- 400 units @ $9.80- 400 units @ $10.60- 2,000 units $1,800 9.400 3,920 4,240 $19,360 Determine the ending inventory using the average-cost method if 500 units remain on hand at October 31. (Round average cost per unit to 2 decimal places, e.g. 5.25 and final answer to 0 decimal places, e.g. 2,520) Ending inventory $ Suppose that Target Corporation uses the periodic inventory system to account for inventories and has the following information at October 31 October 1 Beginning inventory Purchase Purchase Purchase 8 16 24 Total units and cost 200 units @ $9.00 - 1,000 units @ $9.40- 400 units @ $9.80- 400 units @ $10.60- 2,000 units $1,800 9.400 3,920 4,240 $19,360 Determine the ending inventory using the average-cost method if 500 units remain on hand at October 31. (Round average cost per unit to 2 decimal places, e.g. 5.25 and final answer to 0 decimal places, e.g. 2,520) Ending inventory $

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