The materials account of the Herbert Company reflected the following changes during August: 
Assuming that Herbert Company maintains perpetual inventory records, calculate the cost of the ending inventory at August 31 and the cost of the units issued in August using the moving average method.
Definitions:
Semiannually Compounded
Interest computed twice a year, applying to both the initial principal and the interest already accrued from the first half of the year.
Rate of Return
The increase or decrease in the value of an investment during a set time frame, represented as a percentage.
Nominal Rate
Refers to the interest rate stated on a loan or investment agreement before any inflation adjustment or compounding effect.
Term of Loan
The period over which a loan agreement is in effect, at the end of which the loan must be repaid in full.
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