Question
The following information pertains to Julia & Company: March 1 Beginning inventory = 33 units @ $5.40 March 3 Purchased 14 units @ 4.20 March
The following information pertains to Julia & Company: March 1 Beginning inventory = 33 units @ $5.40 March 3 Purchased 14 units @ 4.20 March 9 Sold 26 units @ 9.00 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.) $113 $60 $97 $59
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Financial Accounting
Authors: Thomas Dyckman, Robert Magee, Glenn Pfeiffer
3rd Edition
1934319600, 978-1934319604
