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During the last year Leathers Unlimited sold 702 jackets. Inventory records for the year are...

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Accounting

During the last year Leathers Unlimited sold 702 jackets. Inventory records for the year are as follows: DATE QUANTITY COST TOTAL January 1 Beginning Inventory 100 $79 $ 7,900 March 21 Purchase 300 60 18,000 July 8 Purchase 450 62 27,900 October 1 Purchase 400 58 23,200 December 14 Purchase 100 77 7,700 Total available for sale 1,350 $84,700 Using the average cost method of inventory pricing calculate the dollar value of the ending inventory.(Round the average cost per unit to the nearest cent)

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