Question
Walker Manufacturing had 517 hot tubs in stock at the end of the year. Inventory records show the following information: DATE QUANTITY COST TOTAL January
Walker Manufacturing had 517 hot tubs in stock at the end of the year. Inventory records show the following information:
| DATE |
| QUANTITY | COST | TOTAL |
| January 1 | Beginning Inventory | 200 | $6,307 | $1,261,400 |
| April 21 | Purchase | 350 | 5,194 | 1,817,900 |
| July 24 | Purchase | 50 | 5,141 | 257,050 |
| August 1 | Purchase | 50 | 5,512 | 275,600 |
| December 8 | Purchase | 450 | 6,572 | 2,957,400 |
| Total available for sale |
| 1,100 |
| $6,569,350 |
Using the FIFO method of inventory pricing, calculate the dollar value of the ending inventory.
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Total Quality Safety Management And Auditing
Authors: Michael B. Weinstein
1st Edition
1566702836, 978-1566702836
