(Solved):Q: The following is…

Question:

Question
The following is a record of Larkspur Company’s transactions for Boston Teapots for the month of May 2017.

May 1   Balance   476 units  @  $20   May 10   Sale   357 units  @  $37
12   Purchase   714 units  @  $27   20   Sale   643 units  @  $37
28   Purchase   476 units  @  $31               
 
 
 
 
 
Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 666 units on hand, what is the cost of the

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