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Question 18 4 pts What is the Ending FIFO inventory balance for Evelyn Enterprises? Information on Evelyn Enterprises' inventories is below for the first quarter
Question 18 4 pts What is the Ending FIFO inventory balance for Evelyn Enterprises? Information on Evelyn Enterprises' inventories is below for the first quarter of 2021: Quantity Unit Price Total 1000 10 $ 10,000 Beginning inventory, Jan. 1, 20X1 (1) Purchase (2) Purchase 2500 11 $ 27,500 $ 12,500 1250 10 (3) Purchase 1100 10.5 $ 11,550 Ending inventory, Mar. 31, 20X1 1200 $12,200 $12,550 $49,000 O $49,350
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