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Exercise 8-17 (Part Level Submission) f the year. Larkspur Football Shop began operations on January 2, 2017. The following stock record card for footballs was
Exercise 8-17 (Part Level Submission) f the year. Larkspur Football Shop began operations on January 2, 2017. The following stock record card for footballs was taken from the records at the end Gross Invoice Units Unit Invoice Voucher Date Terms Received Cost Amount 1/15 10624 Net 30 70 $30 $2,100 3/15 85 11437 1/5, net 30 24 2,040 110 6/20 21332 1/10, net 30 22 2,420 9/12 27644 1/10, net 30 104 18 1,872 11/24 1/10, net 30 31269 96 16 1,536 Totals 465 $9,968 A physical inventory on December 31, 2017, reveals that 114 footballs were invoice price less discount for recording purchases. n stock. The bookkeeper informs you that all the discounts were taken. Assume that Larkspur Football Shop uses the (a) Your answer is incorrect. Try again. Compute the December 31, 2017, inventory using the FIFO method. (Round per unit and final answer to 2 decimal paces, e.g. 35.57.) 1860 Ending Inventory using the FIFO method
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