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Current Attempt in Progress Concord has the following inventory data: Nov. 1 Inventory 24 units @ $4.80 each 8 Purchase 96 units @ $5.15 each
Current Attempt in Progress
Concord has the following inventory data:
Nov. 1 | Inventory | 24 units @ $4.80 each | ||
8 | Purchase | 96 units @ $5.15 each | ||
17 | Purchase | 48 units @ $5.05 each | ||
25 | Purchase | 72 units @ $5.30 each |
A physical count of merchandise inventory on November 30 reveals that there are 80 units on hand. Ending inventory under FIFO is
$422.
$812.
$404.
$830.
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