Question
Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top selling hockey stick. The
Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top selling hockey stick. The hockey stick sells for $130 and had transactions as follows: Mar 1st beginning inventory 5 units at $30 per unit Mar 3rd sold 3 units Mar 6th purchased inventory 30 units at $40 per unit Mar 17th sold 20 units Mar 23rd purchased inventory 25 units at $50 per unit Mar 31st sold 30 units Required: Use the information above to answer the questions below. What is the Ending inventory after the Mar 31st sale under FIFO inventory costing? ENTER NUMBERS ONLY, DECIMAL IS ALLOWED; DO NOT USE "$" OR "%" OR "," AND ROUND YOUR ANSWER TO 2 DECIMAL POINTS.
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