Cost of Ending Inventory = $5,087
Ending inventory is the entire price of products you have available on the market at the quit of an accounting length, just like the stop of your economic year. it's an stock accounting approach that facilitates retailers benchmark net profits, acquire financing, and run accurate inventory assessments.
The basic formula for calculating ending inventory is: beginning inventory + internet purchases – cost of goods = finishing inventory. Our beginning inventory is the last length's ending stock. The net purchases are the gadgets you've got sold and brought for your inventory rely
Number of units sold = 2,300
Number of units in ending inventory = Number of units available for sale - Number of units sold
Number of units in ending inventory = 3,000 - 2,300
Number of units in ending inventory = 700
Cost of Ending Inventory = Number of units in ending inventory * Cost per unit
Cost of Ending Inventory = 700 * $7.267
Cost of Ending Inventory = $5,087
Learn more about ending inventory here:- brainly.com/question/24868116
#SPJ4
