Question
DateUnits PurchasedCost/UnitTotal Cost Beginning Inventory, Jan. 1275$21.50$5,912.50 Purchase, Apr 14550$19.89$10,939.50 Purchase, July 17900$19.25$17,325.00 Purchase, Oct 311,234$19.50$24,063.00 Total Goods Available for Sale(GAS)________Cost of GAS_______ ___________________The buyer
- DateUnits PurchasedCost/UnitTotal Cost
Beginning Inventory, Jan. 1275$21.50$5,912.50
Purchase, Apr 14550$19.89$10,939.50
Purchase, July 17900$19.25$17,325.00
Purchase, Oct 311,234$19.50$24,063.00
Total Goods Available for Sale(GAS)________Cost of GAS_______
___________________The buyer at Bourbon Street Distributors took physical inventory on December 31 and found that 360 cases of Hotter than All Get-Out Hot Sauce remained in inventory.What is the dollar value of the ending inventory using the FIFO method?
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Horngrens Cost Accounting A Managerial Emphasis
Authors: Srikant M. Datar, Madhav V. Rajan, Louis Beaubien
8th Canadian Edition
134453735, 9780134824680, 134824687, 9780134733081 , 978-0134453736
