A Company's Inventory Records Indicate the Following Data for the Month

question 24

Essay

A company's inventory records indicate the following data for the month of April:
$$\begin{array} { | l | l | l | } \hline \text { April 1 } & \text { Beginning } & 350 \text { units at \$18 each } \\\hline \text { April 5 } & \text { Purchase } & 290 \text { units at \$20 each } \\\hline \text { April 9 } & \text { Sale } & 500 \text { units at \$55each } \\\hline \text { April 14 } & \text { Purchase } & 250 \text { units at \$22 each } \\\hline \text { April 20 } & \text { Sale } & 200 \text { units at \$55 each } \\\hline \text { April 30 } & \text { Purchase } & 240 \text { units at \$25each } \\\hline\end{array}$$
If the company uses the first-in,first-out (FIFO)method and the perpetual inventory system,what would be the cost of the ending inventory?

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