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Sally buys and sells bottled water during the hot summer months. Below are information for the month of August 2019: Unit Units Cost $ Amount
Sally buys and sells bottled water during the hot summer months. | ||||||
Below are information for the month of August 2019: | ||||||
Unit | ||||||
Units | Cost | $ Amount | ||||
Aug. 1st. Inventory | 100 | $1.00 | $100.00 | |||
Aug. 3rd. Purchase | 150 | $1.10 | $165.00 | |||
Aug. 13th. Purchase | 250 | $1.25 | $312.50 | |||
Aug. 16th. Purchase | 110 | $1.45 | $159.50 | |||
Aug. 25th. Purchase | 50 | $1.50 | $75.00 | |||
$812.00 | ||||||
A total of 610 bottles were sold during the month of | ||||||
August 2019. Please calculate the $ amount for the | ||||||
Ending Inventory using the FIFO cost flow assumption. | ||||||
(ONLY write the | ||||||
answer in the Diagonal Box) |
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