The following inventory transactions took place for Sunland Ltd. for the year ended December 31,...
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The following inventory transactions took place for Sunland Ltd. for the year ended December 31, 2017: Cost/ Selling Date Event Quantity Price Jan 1 opening inventory 21,700 $45.25 3,900 76.25 35,500 40.00 11,400 51.00 41,100 76.25 14,400 43.25 19,100 76.25 10,300 51.75 14,700 76.25 Jan 5 sale Feb 15 purchase Mar 10 purchase May 20 sale Aug 22 purchase Sep 12 sale Nov 24 purchase Dec 5 sale Calculate the ending inventory balance for Sunland Ltd., assuming the company uses a perpetual inventory system and the moving-average cost formula. Also calculate the per-unit cost of the last item sold. (Round unit costs to 2 decimal places, e.g. 52.75 and ending inventory to decimal places, e.g. 5,275.) Ending inventory Unit cost of the last item sold s
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