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Question 13 2 pts Use the following information to answer the next two questions: Rogers Inc. is a wholesaler of office supplies that began operations
Question 13 2 pts Use the following information to answer the next two questions: Rogers Inc. is a wholesaler of office supplies that began operations in 2017. The activity for Model Z calculators during 2018 is shown below. (A year end physical inventory indicates 8,000 Model IlI calculators on hand.) Date August 1 September 4 Purchase September 16 Sales5200 November 12 Purchase December 23 Sales December 30 Purchase Transaction Units 4,000 6.000 Cost $18.00 18.60 Purchase 7.600 19.00 2,400 20.00 If Rogers Inc. uses a FIFO periodic inventory system, the ending inventory of Model Z calculators at December 31 is reported as $146,400 $150,080 $154,000 $154,400
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