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The inventory records for Radford Co. reflected the following Beginning inventory @ May 1 700 units @ $ 3.00 First purchase @ May 7 800
The inventory records for Radford Co. reflected the following
| Beginning inventory @ May 1 | 700 | units | @ | $ | 3.00 | |
| First purchase @ May 7 | 800 | units | @ | $ | 3.20 | |
| second purchase @ May 17 | 1,000 | units | @ | $ | 3.30 | |
| Third purchase @ May 23 | 600 | units | @ | $ | 3.40 | |
| Sales @ May 31 | 2,400 | units | @ | $ | 4.90 | |
Determine the amount of ending inventory assuming the FIFO cost flow method.
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Acca Financial Reporting Practice And Revision Kit
Authors: BPP Learning Media
1st Edition
1509738053, 978-1509738052
