Question
A company has provided the following information about one of its big screen tv's: Number Date Transaction of Units Cost per Unit 1/1 Beginning
A company has provided the following information about one of its big screen tv's: Number Date Transaction of Units Cost per Unit 1/1 Beginning Inventory 180 $ 880 5/5 Purchase 280 $ 980 8/10 Purchase 380 $ 1,080 10/15 Purchase 240 $ 1,130 During the year, the company sold 950 big screen tv's. What was ending inventory using the FIFO cost flow assumption?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
