Julian Junkets has the following inventory information. 
Assuming that a perpetual inventory system is used, what is the ending inventory (rounded) under the average-cost method?
Definitions:
Cash Realizable Value
The amount of cash expected to be received from assets or receivables after accounting for discounts or allowances.
Accounts Receivable
Money owed to a business by its customers for goods or services provided on credit.
Allowance
An accounting practice that reduces the value of assets or income for the purpose of conservative financial reporting and tax savings.
Percentage of Receivables Method
The percentage of receivables method is an accounting technique used to estimate the amount of a company's accounts receivable that will not be collected, based on past experience.
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