Vord File Edit View Insert Format Font Tools Table Window $ Help In a periodic inventory system.docx 1 Q- Search in Document Layout Document Elements Tablas Charts SmartArt Review Font Paragraph Styles Insert Themes eld 12 5 A. Aal A. BE Themes Text Box U Styles 10 th 13 MB Using the AVCO/Weighted Average Method, what is the value of ending Inventory after accounting for the transaction at May 1? Fuller & Stona sells a variety of school supplies from a store located at Cross Roads Mall. The business began the second quarter (April to June) of 2009 with 2,000 pencil cases at total cost of $200,000. The following transactions took place during the quarter. April 10 Purchased 3,000 pencil cases on account at a cost of $110 each. An additional air freight charge of 52, as well as customs import charge of $3 per case was incurred. It is customary for Fuller and Stona to include freight in as part of the cost of the units in their inventory record. During the month 1,000 pencil cases were sold at a price of $160 each A new batch of 3,200 cases was purchased on account at a cost of $352,000 April 30 May 1 May 15 115 of the pencil Cases purchased on April 10 were found to be defective and returned to the supplier The sales for May were 2,350 pencil cases at a unit selling price of $120. 10 of the pencil cases sold at the start of business on May 28 were returned by the customer May 28 May 31 Select one: . 8,000 units $109 each b 7.200 units & $109.50 each 8.000 units at $109.50 each 7.200 units 5109 Aleach