Question
8. Desert Company provides wholesale of a number of inventory items. The activity of inventory item A-23 during the month of March is presented below:
8. Desert Company provides wholesale of a number of inventory items. The activity of inventory item A-23 during the month of March is presented below:
Date Transaction Units Unit Cost Total Cost
March 1st Beg. Inventory 3200 $64.30 $205,760
4th Purchase 3,400 $64.75 $220,150
14th Sales 3,600
25th Purchase 3,500 $66.00 $231,000
28th Sales 3,450
The selling price of item A-23 was $88 per unit during March. If Desert Company uses a last-in, first-out perpetual inventory system, determine ending inventory as of March 31st. Round your answer to the nearest $1.
Question 8 4 pts Desert Company provides wholesale of a number of inventory items. The activity of inventory item A-23 during the month of March is presented below: Date Transaction Units Unit Cost Total Cost March 1st Beg. Inventory 3200 $64.30 $205,760 4th Purchase 3,400 $64.75 $220,150 14th Sales 3,600 25th Purchase 3,500 $66.00 $231,000 28th Sales 3,450 The selling price of item A-23 was $88 per unit during March. If Desert Company uses a last-in, first-out perpetual inventory system, determine ending inventory as of March 31st. Round your answer to the nearest $1Step by Step Solution
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