Answer:
$3,788
Step-by-step explanation:
Periodic Inventory is being used. Periodic inventory method determines the cost of sales and inventory after a certain period determined by the company.
Step 1 : Find Cost per unit
Cost per unit = Total Costs ÷ Units available for sale
= $5,050 ÷ 80
= $63.125
Step 2 : Determine value of ending inventory
Value of ending inventory = Cost per unit x units remaining
= $63.125 x 60 units
= $3,788