QUESTION 14 Eneri Company's inventory records show the following data: Units Unit Cost Inventory, January 1 10,000 $9.20 Purchases: June 18 9,000 8.00 November 8 6,000 7.00 A physical inventory on December 31 shows 4,000 units on hand. Eneri uses the periodic inventory method. Under the FIFO method, the December 31 ending inventory is valued at $32,267. $32,960. O $28,000. O $36,800.
QUESTION 14 Eneri Company's inventory records show the following data: Units Unit Cost Inventory, January 1 10,000 $9.20 Purchases: June 18 9,000 8.00 November 8 6,000 7.00 A physical inventory on December 31 shows 4,000 units on hand. Eneri uses the periodic inventory method. Under the FIFO method, the December 31 ending inventory is valued at $32,267. $32,960. O $28,000. O $36,800.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:QUESTION 14
Eneri Company's inventory records show the following data:
Units
Unit Cost
Inventory, January 1
10,000
$9.20
Purchases:
June 18
9,000
8.00
November 8
6,000
7.00
A physical inventory on December 31 shows 4,000 units on hand. Eneri uses the periodic inventory method. Under the
FIFO method, the December 31 ending inventory is valued at
$32,267.
$32,960.
O $28,000.
O $36,800.
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