Question
The following data is available for an item of JNC Inc. for the month of March: March 1 Inventory 15 units at $10 each 15
The following data is available for an item of JNC Inc. for the month of March:
March 1 Inventory 15 units at $10 each
15 Purchase 30 units at $18 each
31 Purchase 24 units at $15 each
Sale 30 units
Using thefirst-in, first-outmethod, what is JNC Inc.'s cost of ending inventory for March?
Select one:
a.$510
b.$630
c.$360
d.$420
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Accounting Theory Conceptual Issues in a Political and Economic Environment
Authors: Harry I. Wolk, James L. Dodd, John J. Rozycki
9th edition
9781483375014, 1483375013, 9781506300108, 1506300103, 978-1483375021
