Question
MaCo begins operations in 20X1 and uses the periodic method and FIFO costing. In March, 20X1, MaCo buys 700 units @ $4; in July, it
MaCo begins operations in 20X1 and uses the periodic method and FIFO costing. In March, 20X1, MaCo buys 700 units @ $4; in July, it buys 2,700 units @ $6 and in November, it buys 1,600 units @ $8. The cost of the 1,900 units in MaCo's December 31 ending inventory is....
(a) $10,000 (b) $15,200 (c) $14,600 (d) $7,600
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Cost Estimating
Authors: Rodney D. Stewart
2nd Edition
0471857076, 978-0471857075
