During its first year of operations, Ontario made the following purchases 845 units at $108 874 units at $86 8171 units at $70 Sales for the year totaled 274 units, leaving 16 units on hand at the end of the year. Ending inventory using the FIFO method is: a) $1,728 b) $1,280 c) $1,170 d) $1,120

During its first year of operations, Ontario made the following purchases 845 units at $108 874 units at $86 8171 units at $70 Sales for the year totaled 274 units, leaving 16 units on hand at the end of the year. Ending inventory using the FIFO method is: a) $1,728 b) $1,280 c) $1,170 d) $1,120

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

During its first year of operations, Ontario made the following purchases
045 units at $108
874 units at $86
171 units at $70
Sales for the year totaled 274 units, leaving 16 units on hand at the end of the year.
Ending inventory using the FIFO method is:
a) $1,728
b) $1,280
c) $1,170
d) $1,120

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