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Oriole Top uses the periodic inventory system. For the current month, the beginning inventory consisted...

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Accounting

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Oriole Top uses the periodic inventory system. For the current month, the beginning inventory consisted of 475 units that cost $66 each. During the month, the company made two purchases: 717 units at $69 each and 365 units at $71 each. Oriole also sold 1201 units during the month. If the average-cost method is used, what is the amount of ending inventory? (Round average cost per unit to 2 decimal places, e.g. 21.48.) $24404 $25276 $82329. $81462

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