Question
The following units of an item were available for sale during the year: Beginning inventory 29 units at $45 Sale 23 units at $68 First
The following units of an item were available for sale during the year:
Beginning inventory 29 units at $45 Sale 23 units at $68 First purchase 15 units at $47 Sale 5 units at $68 Second purchase 21 units at $49 Sale 20 units at $68 The firm uses the perpetual inventory system, and there are 17 units of the item on hand at the end of the year.
a. What is the total cost of the ending inventory according to FIFO?
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Security And Loss Prevention An Introduction
Authors: Philip Purpura CPP Florence Darlington Technical College
7th Edition
0128117958, 9780128117958
