Question
A company's inventory records indicate the following data for the month of April: April 1 beginning 350 units at $18 each April 5 purchase 290
A company's inventory records indicate the following data for the month of April:
| April 1 | beginning | 350 units at $18 each |
| April 5 | purchase | 290 units at $20 each |
| April 9 | sale | 500 units at $55 each |
| April 14 | purchase | 250 units at $22 each |
| April 20 | sale | 200 units at $55 each |
| April 30 | purchase | 240 units at $25 each |
If the company uses the first-in, first-out (FIFO) method and the perpetual inventory system, what would be the cost of the ending inventory?
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From Zero To Zen Secret Keys To Nurturing Your Numbers And Finding Financial Flow
Authors: Liz Lajoie
1st Edition
1683507045, 978-1683507048
