Question
A company has inventory of 17 units at a cost of $11 each on may 1. On may 5, they purchased 11 units at $16
A company has inventory of 17 units at a cost of $11 each on may 1. On may 5, they purchased 11 units at $16 per unit. On may 12, they purchased 18 units at $17 per unit. On may 15, they sold 30 units. Using the FIFO perpetual inventory method, what is the value of the inventory at May 15 after the sale?
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Cost Accounting
Authors: Edward B. Deakin, Michael Maher
3rd Edition
0256069190, 978-0256069198
