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The following information has been extracted from the records of Carson Steaks about one of its products. Carson Steaks uses the perpetual system. Units Unit
The following information has been extracted from the records of Carson Steaks about one of its products. Carson Steaks uses the perpetual system. | |||||
Units | Unit cost | Total cost | |||
Jan | 1 | Beginning balance | 8,000 | 70.00 | 560,000 |
Jan | 6 | Purchase | 3,000 | 70.50 | 211,500 |
Feb | 5 | Sale | 10,000 | ||
Mar | 5 | Purchase | 11,000 | 73.50 | 808,500 |
Mar | 8 | Purchase return | 800 | 73.50 | 58,800 |
Apr | 10 | Sale | 7,000 | ||
Apr | 30 | Sale return | 300 | ||
If the FIFO cost flow method is used, what is the cost of the inventory on April 30? |
Group of answer choices
330,750
329,360
315,000
433,876
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