Calculate the ending inventory balance for Oriole Ltd., assuming the company uses a perpetual inventory system and the moving-average cost formula. Also calculate the per-unit cost of the last item sold. (Round unit costs to 2 decimal places, e.g. 52.75 and ending inventory to 0 decimal places, e.g. 5,275.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following inventory transactions took place for Oriole Ltd. for the year ended December 31, 2020:

Date   Event   Quantity   Cost/
Selling
Price
   
Jan 1   opening inventory   20,020   $38.50    
Jan 5   sale   5,940   72.45    
Feb 15   purchase   34,600   40.75    
Mar 10   purchase   10,260   47.00    
May 20   sale   42,000   72.45    
Aug 22   purchase   14,700   43.45    
Sep 12   sale   20,300   72.45    
Nov 24   purchase   9,100   46.80    
Dec 5   sale   15,700   72.45    


Calculate the ending inventory balance for Oriole Ltd., assuming the company uses a perpetual inventory system and the moving-average cost formula. Also calculate the per-unit cost of the last item sold. (Round unit costs to 2 decimal places, e.g. 52.75 and ending inventory to 0 decimal places, e.g. 5,275.)

Ending inventory   $     
Unit cost of the last item sold   $    
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