Blue Company is a paints supply store. During the year, Blue Company sold 62 paint bottles. Calculate the value of ending inventory according to FIFO method. Purchases No of paint bottles purchased Cost/Unit April 1 40 8 May 3 20 9 June 20 20 10 a. RO 520 b. RO 556 c. RO 180 d. RO 144

Blue Company is a paints supply store. During the year, Blue Company sold 62 paint bottles. Calculate the value of ending inventory according to FIFO method. Purchases No of paint bottles purchased Cost/Unit April 1 40 8 May 3 20 9 June 20 20 10 a. RO 520 b. RO 556 c. RO 180 d. RO 144

Name: Blue Company is a paints supply store. During the year, Blue Company s
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Description: Blue Company is a paints supply store. During the year, Blue Company sold 62 paint bottles. Calculate the value of ending inventory according to FIFO method.PurchasesNo of paint bottles purchasedCost/UnitApril 1408May 3209June 202010 a.RO 520b.RO 556

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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