Inventory using Average Cost Assignment
February 18th, 2020
Question 5: (0.5 points) Listed below are unit and unit cost information for Triston Company. Triston uses the periodic inventory system for inventory valuation. January 1 March 10 Beginning inventory 90 units at $54 each 112 units at $55 every 100 units at $58 each Purchase August 30 December 12 Purchase Purchase 98 units at $60 each during the year, the Company sold 296 units; there are 104 units on hand at the end of the year. Required: Calculate the cost of the ending inventory using the average cost. The round average cost per unit to 2 decimal places; and then express your final answers in whole dollars Omit $ signs.