Question
(Please show work) Use the following data of Draker Company: Unit Total Units Cost Cost Beginning inventory 16 $120 $1,920 Purchase on July 3 37
(Please show work)
Use the following data of Draker Company:
|
|
| Unit | Total |
|
| Units | Cost | Cost |
| Beginning inventory | 16 | $120 | $1,920 |
| Purchase on July 3 | 37 | 125 | 4,625 |
| Sales | 45 | ? | ? |
Draker's ending inventory using the FIFO method would be:
$1,000
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Cost Accounting Foundations and Evolutions
Authors: Michael R. Kinney, Cecily A. Raiborn
8th Edition
9781439044612, 1439044619, 978-1111626822
