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The inventory records for Radford Co. reflected the following Beginning inventory @ May 1 800 units @ $ 3.20 First purchase @ May 7 900
The inventory records for Radford Co. reflected the following
Beginning inventory @ May 1 800 units @ $ 3.20
First purchase @ May 7 900 units @ $ 3.40
second purchase @ May 17 1,100 units @ $ 3.50
Third purchase @ May 23 700 units @ $ 3.60
Sales @ May 31 2,700 units @ $ 5.10
Determine the amount of ending inventory assuming the FIFO cost flow method.
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