Glasgow Enterprises started the period with 70 units in begi…
Glasgow Enterprises started the period with 70 units in beginning inventory that cost $2.50 each. During the period, the company purchased inventory items as follows: PurchaseNumber of ItemsCost1360$3.002120$3.10360$3.50 Glasgow sold 380 units after purchase 3 for $9.60 each.What is Glasgow’s ending inventory under weighted-average?Note: Round your intermediate computation to 2 decimal places.