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Wildhorse Co. just began business and made the following four inventory purchases in June: June 1 160 units $1.30 $208 June 10 220 units $1.40
Wildhorse Co. just began business and made the following four inventory purchases in June:
June 1 | 160 units | $1.30 | $208 | ||
June 10 | 220 units | $1.40 | $308 | ||
June 15 | 216 units | $1.50 | $324 | ||
June 28 | 170 units | $1.90 | $323 | ||
| $1,163 |
A physical count of merchandise inventory on June 30 reveals that there are 230 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is:
Question 33 options:
| $413 |
| $857 |
| $750 |
| $306 |
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