Question
The following data is available for an item of Sparrow Inc. for the month of April: April 1 Inventory 15 units at $10 each April
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The following data is available for an item of Sparrow Inc. for the month of April: April 1 Inventory 15 units at $10 each April 15 Purchase 30 units at $18 each April 30 Purchase 24 units at $15 each Sale 30 units Using the first-in, first-out method, what is Sparrow Inc.'s cost of ending inventory for April?
a. b. $510
b. a. $630
c. d. $360
d. c. $420
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
