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For the current month, the beginning inventory consisted of 24,000 units that cost $10 each During the month, the company made two purchases: 18,000 units
For the current month, the beginning inventory consisted of 24,000 units that cost $10 each During the month, the company made two purchases: 18,000 units at $11 each and 12,000 units at $12.50 each. The company also sold 32,500 units during the month. Using the FIFO method, what is the ending inventory? 263,000 254,500 212,500 234,111 Question 24 (1 point) Canny, Inc began using dollar-value LIFO for costing its inventory last year. The base year layer consists of $600,000. Assuming the current inventory at end of year prices equals $680,000 and the index for the current year is 1.08, what is the ending inventory using dollar value LIFO? 632.000 629,630 734.400 O RE * 3
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