reat Stuff Emporium has 353 lamps in stock at the end of the year. Inventory records show the following information: DATE QUANTITY COST TOTAL January 1 Beginning Inventory 150 $50 $7,500 July 4 Purchase 50 $34 $1,700 September 14 Purchase 100 $42 $4,
Great Stuff Emporium has 353 lamps in stock at the end of the year. Inventory records show the following information:
DATE QUANTITY COST TOTAL
January 1 Beginning Inventory 150 $50 $7,500
July 4 Purchase 50 $34 $1,700
September 14 Purchase 100 $42 $4,200
October 6 Purchase 350 $37 $12,950
November 10 Purchase 200 $42 $8,400
Total Goods Available for Sale (GAS) 850 $34,750
Using the average cost method of inventory pricing, calculate the dollar value of the ending inventory. (Round your answer to nearest dollar)
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