Calculating ending inventory

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Reference no: EM13129527

Hassan Headgear is a baseball cap shop in Santa Cruz, CA, that began business on April 13, 2008. The company had the following inventory purchase records for the month.

Date Units Purchased Cost Per Unit Total Cost

4/15 200 $5.00 $1,000
4/24 500 $6.00 $3,000
4/26 300 $5.50 $1,650
4/29 400 $5.75 $2,300
TOTAL 1400 $7,950

The store sold 850 baseball caps during April 2008. Using the FIFO (First-In, First Out) period method, calculate the store's ending inventory of April.

Cost of ending inventory = $ __________________

Reference no: EM13129527

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