Question: During June, the following changes in inventory item 27 took place: June 1 8 10 Balance Sold Sold Purchased Purchased Sold 1.360 units @ $37

During June, the following changes in inventory item 27 took place: June 1 8 10 Balance Sold Sold Purchased Purchased Sold 1.360 units @ $37 310 units @$71 1.050 units $64 850 units @$52 670 units $44 540 units @ $66 14 24 29 Perpetual inventories are maintained. (a) What is the cost of the ending inventory for item 27 under the FIFO method? Cost of the ending inventory $

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