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The annual inventory of Bargain Bonanza, Inc. shows the following information for jackets: Date Qty Cost Total Cost January 1 Beginning Inventory 400 $48 $19,200
The annual inventory of Bargain Bonanza, Inc. shows the following information for jackets:
Date | Qty | Cost | Total Cost | |
---|---|---|---|---|
January 1 | Beginning Inventory | 400 | $48 | $19,200 |
February 14 | Purchase | 150 | 41 | 6,150 |
July 13 | Purchase | 250 | 48 | 12,000 |
September 2 | Purchase | 400 | 67 | 26,800 |
October 8 | Purchase | 200 | 56 | 11,200 |
Total available for sale | 1,400 | $75,350 |
If 909 jackets were on hand on December 31, find the value (in $) of the ending inventory using the FIFO method of inventory pricing?
$
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