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Hairy Funny is a public company that purchases and resells shampoo. Hairy Funny had beginning inventory of 5 5 5 units purchased at a cost
Hairy Funny is a public company that purchases and resells shampoo.
Hairy Funny had beginning inventory of units purchased at a cost of $ each.
During the year, they made two purchases of inventory:
First purchase units at $ each.
Second purchase units at $ each.
Assume that Hairy Funny uses a periodic inventory system and that there are units left at the end of the month.
Calculate the cost of ending inventory under FIFO. Round your final answer to the nearest dollar. Do not use $ signs in your final answer.
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