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What is the ending inventory value for the bolts using FIFO? A. S1.083.47 B. $1,171 10 OC. $1.003.80 OD. $1,075.82 2/1/20- Purchase (Each) 5/6/20- Purchase
What is the ending inventory value for the bolts using FIFO? A. S1.083.47 B. $1,171 10 OC. $1.003.80 OD. $1,075.82 2/1/20- Purchase (Each) 5/6/20- Purchase (Each) 9/18/20- Purchase (Each) Quantity on Hand as of 12/31/20- Ending Inventory Value Item FIFO UFO Fuse 2,481 1,000 @ $1.33 985 @ $2.35 Case 5,000 @ $1.20 1,500 @ $2.30 700 @ $4.10 10,000 @ $.42 2,500 @ 1.24 1,000 2.32 600 4.15 5,965 @ .45 Gear 385 @ $4.31 1,304 580 2,390 Total Bolt 7,580 $.49
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