Question - Hank's Hardware House, which sells sheets of sandpaper in bulk. On October 1 Hank had 4000 sheets of sandpaper at an average cost of $.25 each. The store also made the following purchases of sandpaper inventory during the month
Date Units Purchased Cost Per Unit Total Cost
10/3 8000 $0.24 $1,920
10/17 3000 $0.26 $780
10/21 6000 $0.28 $1680
10/29 4000 $0.27 $1080
Total 21000 $5,460
If thestore sold 23,000 sheets of sandpaper during October, what is ending inventory using the average cost method of inventory costing?