Question
The following information pertains to Julia & Company: March 1 Beginning inventory = 29 units @ $5.40 March 3 Purchased 21 units @ 4.10 March
The following information pertains to Julia & Company: March 1 Beginning inventory = 29 units @ $5.40 March 3 Purchased 21 units @ 4.10 March 9 Sold 23 units @ 8.20 What is the ending inventory balance for Julia & Company assuming that it uses FIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)
$119
$146
$182
$86
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Financial Accounting Practice And Principles
Authors: Jan Bebbington, M. Richard Laughlin, Robert H. Gray, Gray Dave
3rd Edition
1861527713, 978-1861527714
