Question
The Comer Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases data for June
The Comer Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases data for June are: (Click the icon to view the inventory and purchases data.) If The Corner Frame Shop uses the FIFO method, the cost of the ending inventory will be OA. $21,200. B. $20,900. OC. $21,240. OD. $27,840. Data table Jun 1 Beginning inventory Jun 4 Purchase Jun 9 Sale Units 2,500 1.800 (1.900) Unit Cost $ 11.00 $ 11.80 $ Total Cost 27,500 21,240 X
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