Date Jan 1, Beginning 100 Inventory Mar 4, Purchase 400 May 8, Purchase 800 Nov 3, Purchase 500 Merchandise Available 1800 $570 units are unsold. Using the FIFO (periodic) withod wthod, the cost assigned to the ending merchandise invents 13 select one: $10,800 9 $11,368 $11,970 $11,900 amentity cost Per unit $18.00 $15.00 $20.00 $21.00 Total Cost $1800 $7,600.00 $16,000.00 $10,500.00 $35,900.00

Date Jan 1, Beginning 100 Inventory Mar 4, Purchase 400 May 8, Purchase 800 Nov 3, Purchase 500 Merchandise Available 1800 $570 units are unsold. Using the FIFO (periodic) withod wthod, the cost assigned to the ending merchandise invents 13 select one: $10,800 9 $11,368 $11,970 $11,900 amentity cost Per unit $18.00 $15.00 $20.00 $21.00 Total Cost $1800 $7,600.00 $16,000.00 $10,500.00 $35,900.00

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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