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Target reports the following beginning inventory and two purchases for the month of June. On June 26, the company sells 100 units. Beginning inventory on
Target reports the following beginning inventory and two purchases for the month of June. On June 26, the company sells 100 units. Beginning inventory on June 1 totals 270 units at $2.57 per unit. There was new purchase of 70 units on June 15 at $2.79 per unit and another new purchase of 110 units on June 25 at $2.81 per unit. Ending inventory at June 30 totals X units. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method.
- A. $420.7
- B. $857.6
- C. None of the choices is correct.
- D. $436.9
- E. $284
- F. $365.0
- G. $130.0
- H. $941.3
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