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Stallworth Corp. has the following information is available for the month of November: Nov. 1Onhand, 50 units at $15 each $750.00 5Purchased, 115 units at
Stallworth Corp. has the following information is available for the month of November:
Nov. 1Onhand, 50 units at $15 each $750.00
5Purchased, 115 units at $15.10 each 1,736.50
16Purchased,75 units at $15.20 each 1,140.00
Total cost of goods available for sale $3,626.50
30Onhand, 100 units
The company uses a periodic inventory system.
Refer to Stallworth Corp. If the company uses the FIFO inventory costing method, what amount will be assigned to the November 30 inventory?
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