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Vaughn Company has the following inventory information. July ...

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Question

Accounting

Vaughn Company has the following inventory information.

July

1

Beginning Inventory

 20 units at $80

5

Purchases

 80 units at $70

14

Sale

 40 units

21

Purchases

 20 units at $100

30

Sale

 30 units

Assuming that a perpetual inventory system is used, what is the ending inventory (round all unit costs to three decimal places and all cost of goods sold and balance calculations to nearest dollar) under the moving-average cost method?

$3970

$3930

$3950

$3936

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