Information about the Maxwell Company's inventory of one item during 2013 is given below.
|
Units |
Unit Cost |
Beginning Inventory, Jan 1, 2013 |
80 |
$24 |
Purchases: |
|
|
March 2013 |
45 |
$24 |
July 2013 |
75 |
$22 |
November 2013 |
100 |
$21 |
Ending Inventory, Dec 31, 2013 |
55 |
|
Compute the cost of the ending inventory under the average cost method