3435

Jensen Company had the following inventory data for the year Jan. 1 Beginning inventory Mar 15 Purchase June 30 Purchase Oct 1 Purchase 1.000 units @ $2 - $2.000 5.000 units @ $2.50 - $12.500 4,000 units @ $3 - 512.000 6.000 units @ $3.50 - $21.000 On December 31, there are 2,000 units of the item in the physical inventory. Calculate ending inventory on December 31 assuming Jensen uses FIFO. $4.500 O $4.000 543.000 57.000 Jensen Company had the following inventory data for the year Jan 1 Beginning inventory 1,000 units @ $2 - $2,000 Mar. 15 Purchase 5,000 units @ $2.50 - $12.500 June 30 Purchase 4,000 units @ $3 - $12.000 Oct 1 Purchase 6,000 units @ $3.50 - $21,000 On December 31. there are 2.000 units of the item in the physical inventory. Calculate ending inventory on December 31 assuming Jensen uses LIFO 543.000 O $4.500 $7.000 O 54.000