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How many units remain in ending inventory? LaPlante Inc. Analysis of Inventory January Purchase and Sale Activity Valuing Ending Inventory Periodic Inventory FIFO Method Date
How many units remain in ending inventory? |
LaPlante Inc. | ||||||||
Analysis of Inventory | ||||||||
January Purchase and Sale Activity | ||||||||
Valuing Ending Inventory | ||||||||
Periodic Inventory | ||||||||
FIFO Method | ||||||||
Date | Transaction Type | Units | Unit Cost | |||||
1-Jan | Opening Inventory | 100 | $ 1 | |||||
7-Jan | Purchase | 10 | $ 2 | |||||
9-Jan | Sale | 80 | ||||||
21-Jan | Purchase | 20 | $ 3 | |||||
24-Jan | Sale | 40 | ||||||
1 | How many units remain in ending inventory? | |||||||
2 | What is the FIFO Unit Price(s) to be used in valuing Ending Inventory? | |||||||
3 | What is the FIFO value of total Ending Inventory? |
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