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1. [-/20 Points] DETAILS BRECMBC9 16.1.003.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The annual inventory of Bargain Bonanza, Inc. shows the following information for
1. [-/20 Points] DETAILS BRECMBC9 16.1.003.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The annual inventory of Bargain Bonanza, Inc. shows the following information for jackets: Date Qty Cost Total Cost January 1 Beginning Inventory 400 $48 $19,200 February 14 Purchase 150 41 6,150 July 13 Purchase 250 52 13,000 September 2 Purchase 400 67 26,800 October 8 Purchase 200 60 12,000 Total available for sale 1,400 $77,150 If 933 jackets were on hand on December 31, find the value in $) of the ending inventory using the FIFO method of inventory pricing? $
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