Inventory records for Herb's Chemicals revealed the following: March 1, 2018, inventory: 1,000 gallons @ $7.20 = $7,200
- The ending inventory under a periodic inventory system assuming average cost (rounding unit cost to three decimal places) is:

Question

Inventory records for Herb's Chemicals revealed the following: March 1, 2018, inventory: 1,000 gallons @ $7.20 = $7,200 
- The ending inventory under a periodic inventory system assuming average cost (rounding unit cost to three decimal places) is:

Quizplus · Accepted Answer

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Inventory Records for Herb's Chemicals Revealed the Following: March 1