Garda's Equipment has the following items in its inventory on August 1: The company uses the specific-unit-cost

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Garda's Equipment has the following items in its inventory on August 1:

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The company uses the specific-unit-cost method for costing inventory. During August, it sold units \(6 \mathrm{X} 6 \mathrm{~A} 1\) and \(6 \mathrm{~B} 6 \mathrm{~B} 8\) for \(\$ 15,000\) each and purchased unit \(6 \mathrm{~A} 7 \mathrm{M} 6\) for \(\$ 11,200\). What is the value of the ending inventory at August 31 ?

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Horngrens Accounting Volume 1

ISBN: 9780135359709

11th Canadian Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood

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