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Company Uses the Periodic Inventory System $72 \$ 72 Each Nolvo Sold 500 Units During the Month of February

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Company uses the periodic inventory system. For February 2011 , the beginning inventory consisted of 100 units that cost CHF65 each. During the month, the company made two purchases: 400 units at CHF68 each and 150 units at $72 \$ 72 each. Nolvo sold 500 units during the month of February at CHF 110 per unit. Using the average cost method, what is the amount of ending inventory at February 28, 2011?


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