Question
Assume beginning inventory of $25,000 (250 units), a purchase on January 3 of $35,000 (300 units), and a purchase on January 18 of $40,000 (310
Assume beginning inventory of $25,000 (250 units), a purchase on January 3 of $35,000
(300 units), and a purchase on January 18 of $40,000 (310 units). 500 units were sold on
January 15. Using perpetual FIFO, January's ending inventory is:
A. $36,000.
B. $37,833.
C. $45,000.
D. $45,833.
E. None of these.
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Comparative International Accounting
Authors: Christopher Nobes, R. H. Parker
7th Edition
0273655833, 9780273655831
