Question
Please answer this question not as multiple choice, but showing some type of work, $8 answer 3. Leading Edge Frame Shop wants to know the
Please answer this question not as multiple choice, but showing some type of work, $8 answer
3. Leading Edge Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases data for June follow:
Units Unit Cost Total Cost
June 1 Beginning inventory 2,300 $16.00 $36,800
4 Purchase 1,300 $16.50 $21,450
9 Sale (1,400)
If Leading Edge uses the FIFO method, what will be the cost of ending inventory?
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