Question
A companys inventory records report the following: August 1 Beginning balance 34 units @ $24 August 5 Purchase 29 units @ $23 August 12 Purchase
A companys inventory records report the following:
August 1 Beginning balance 34 units @ $24
August 5 Purchase 29 units @ $23
August 12 Purchase 33 units @ $24
On August 15, it sold 68 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?
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Data Analysis And Sampling Simplified A Practical Guide For Internal Auditors
Authors: Donald A. Dickie PhD
1st Edition
1634540611, 978-1634540612
