Question
Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,400 gallons @ $8.00 per gallon = $11,200 Purchases: Sales: Mar. 10 680
Inventory records for Herb's Chemicals revealed the following:
March 1, 2021, inventory: 1,400 gallons @ $8.00 per gallon = $11,200
| Purchases: | Sales: | ||||||||
| Mar. 10 | 680 | gals | @ | $ | 8.05 | Mar. 5 | 480 | gals | |
| Mar. 16 | 880 | gals | @ | $ | 8.10 | Mar. 14 | 780 | gals | |
| Mar. 23 | 680 | gals | @ | $ | 8.15 | Mar. 20 | 580 | gals | |
| Mar. 26 | 780 | gals | |||||||
The ending inventory assuming FIFO is:
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Auditing In The Public Sector Efficiency Economy And Program Results
Authors: James L. Savage, Felix Pomeranz, Alfred J. Cancellieri, Joseph B. Stevens
1st Edition
0882621238, 978-0882621234
