The following information is provided for Heatherton Inc. (Heatherton):

On October 31, 2018, Heatherton sold 4,800 units of inventory to customers.

Required:
Identify which inventory costs would be expensed in October 2018 and which costs would be in inventory on October 31, 2018 using the average cost and FIFO cost formulas. Assume Badger had no inventory on hand at the beginning of October and that it uses a periodic inventorysystem.

Transcribed Image Text:

Heatherton Inc. Inventory Information for October 2018 Number of units purchased 2,200 1,650 1,800 Price paid per unit Purchased on October 8, 2018 Purchased on October 17, 2018 Purchased on October 25, 2018 S 8 S 9 $10