(Answered) During the past year a plumbing supply house sold 503

Accounting

During the past year, a plumbing supply house sold 503 faucets. Inventory records for the year are as follows:

DATE		QUANTITY	COST	TOTAL
January 15	Beginning Inventory	28	$11.25	$ 315
March 22	Purchase	74	12.50	925
April 24	Purchase	150	20.00	3,000
October 10	Purchase	250	12.50	3,125
December 31	Purchase	500	8.25	4,125
Total available for sale		1,002	$11,490

Using the FIFO method of inventory pricing, calculate the dollar value of the ending inventory.

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