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The following information has been extracted from the records of jayson Company about one of its products. jayson Company used the perpetual system. Units Unit
The following information has been extracted from the records of jayson Company about one of its products. jayson Company used the perpetual system.
Units Unit cost Total cost Jan. 1 Beginning balance 8,000 70.00 560,0006 Purchase 3,000 70.50 211,500 Feb. 5 Sale 10,000Mar. 5 Purchase 11,000 73.50 808,5008 Purchase return 800 73.50 58,800 Apr. 10 Sale 7,00030 Sale return 300
If the FIFO cost flow method is used, what is the cost of the inventory on April 30? ___________________________
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