Question
The inventory data for an item for April are: April 1 Inventory 40 units at $21 5 Sold 30 units 11 Purchased 50 units at
The inventory data for an item for April are:
| April 1 | Inventory | 40 units at $21 | |||
| 5 | Sold | 30 units | |||
| 11 | Purchased | 50 units at $22 | |||
| 18 | Sold | 40 units | |||
| 30 | Purchased | 20 units at $23 | |||
Using a perpetual system, determine the ending merchandise inventory value for April if the company uses FIFO?
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Authors: Awesome Auditor
1st Edition
1659112699, 978-1659112696
