Question
Jade Inc. recorded the following information pertaining to its inventory for the month of January: January 1 Inventory 80 units at $20 each 18 Purchase
Jade Inc. recorded the following information pertaining to its inventory for the month of January:
| January 1 | Inventory | 80 units at $20 each |
| 18 | Purchase | 150 units at $25 each |
| Sales | 106 units |
The business uses the first-in, first-out inventory costing method. Determine the cost of the inventory on hand at the end of January. $
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A Guide To Risk Based Internal Audit System In Banks
Authors: CA Shiva Chaudhari
1st Edition
1947498649, 978-1947498648
