(Answered) Question - leading edge frame shop wants to know the effect

Accounting

Question - Leading Edge Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases data for June follow:

	Units	Unit Coat	Total Cost
June 1 beginning inventory	2,300	$16.00	$36,800
4 Purchase	1,300	$16.50	$21,450
9 Sale	(1,400)

If Leading Edge uses the FIFO method, what will be the cost of ending inventory?

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