Question
Inventory records for Marvin Company revealed the following: Number Unit Date Transaction of Units Cost Mar. 1 Beginning inventory 930 $7.19 Mar. 10 Purchase 580
Inventory records for Marvin Company revealed the following: Number Unit Date Transaction of Units Cost Mar. 1 Beginning inventory 930 $7.19 Mar. 10 Purchase 580 7.69 Mar. 16 Purchase 434 8.29 Mar. 23 Purchase 550 8.99 Marvin sold 1,810 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $6,687. $1,411. $9,386. $6,055. 
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Construction Accounting And Financial Management
Authors: Steven J. Peterson
4th Edition
0135232872, 978-0135232873
