Question
Assume that Sparks uses a perpetual FIFO inventory system. Its ending inventory consists of 9 units. Calculate the dollar value of its ending inventory .
Assume that Sparks uses a perpetual FIFO inventory system. Its ending inventory consists of 9 units. Calculate the dollar value of its ending inventory.
Jan 1 | Beginning Inventory | 10 @ $12 |
Jan 8 | Purchase | 20 @ $18 |
Jan 15 | Sale | 21 units |
$90
$288
$162
$135
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Financial Reporting And Auditing In Sovereign Operations Technical Guidance Note
Authors: Asian Development Bank
1st Edition
9292698192, 978-9292698195
