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It's beginning inventory and purchases for Product A for the year were as follows: 100 units @ Beginning: $1,000 $10 each 900 units at Purchase
It's beginning inventory and purchases for Product A for the year were as follows: 100 units @ Beginning: $1,000 $10 each 900 units at Purchase #1 $9,900 $11 each 300 units at Purchase #2 $3,600 $12 each 900 units were sold during the year. What amount will Ll report as ending inventory? a) $4,700 b) It depends whether a periodic or perpetual system is used by LI c) $4,000 od) $3,600
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