Please answer competely AAA Company uses a periodic inventory system and has the following information regarding its inventoryBeginning inventoryPurchase on January 25350 unita 16450 units 17$5,6007,6506,30010,450Purchase on March 15350 units e 18550 unita 19Purchase on October 2Goods available for sale$ 30,00There are 750 units in ending inventory. What is the amount of the endng inventory using the FIFO method?Multipie Choice$10,450$13,250$14,050

Name: Please answer competely AAA Company uses a periodic inventory system a
Uploaded: 2024-03-20T06:32:37.000Z
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Description: Please answer competely AAA Company uses a periodic inventory system and has the following information regarding its inventoryBeginning inventoryPurchase on January 25350 unita 16450 units 17$5,6007,6506,30010,450Purchase on March 15350 units e 18550

FIFO: FIFO stands for First-In, First-Out. In this method inventory purchased first will be sell…

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Accounting

AAA Company uses a periodic inventory system and has the following information regarding its inventory Beginning inventory Purchase on January 25 Purchase on March 15 350 units 16 $5.600 450 units i 17 7,650 6,300 10,450 350 units 18 Purchase on October 2 550 units 19 Goods available for sale $30,000 There are 750 units in ending inventory. What is the amount of the ending inventory using the FIFO method? Multipie Choice $10,450 $13,250 $14,050