Question
Smart Co. has the following data related to an item of inventory: Inventory, March 1 140 units @ $7.65 Purchase, March 7 350 units @
| Smart Co. has the following data related to an item of inventory: | |||
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| Inventory, March 1 | 140 units @ $7.65 |
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| Purchase, March 7 | 350 units @ $8.34 |
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| Purchase, March 16 | 66 units @ $15.91 |
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| Inventory, March 31 | 164 units |
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| The value assigned to ending inventory if Smart uses periodic FIFO is: | |||
Select one:
a. $1743.87
b. $1367.76
c. $2609.24
d. $1867.38
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SAP Audit Black Book
Authors: Bhushan Jairamdas Mamtani
1st Edition
9351194086, 978-9351194088
