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QUESTION 10 MacFarland Inc.'s January 1 inventory consisted of 10 units @ $91 each. MacFarland shows the following data for 20X1: Date Purchases Sales February
QUESTION 10 MacFarland Inc.'s January 1 inventory consisted of 10 units @ $91 each. MacFarland shows the following data for 20X1: Date Purchases Sales February 2 15 units @ $106 each 20 units @ $150/unit May 12 20 units @ $115 each 10 units @ $119 each Sept. 13 23 units @ $150/unit March 3 June 22 if MacFarland uses the perpetual method and moving average costing, what is the value of its ending inventory on December 317 $1,293 $1,330 $1,368 $1,420 $1,260
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