Inventory records for Capetown, Incorporated revealed the following: Date April 1 April 20 Number of Transaction Units Unit Cost Beginning Inventory 500 Purchase 380 $ 2.47 2.74 Capetown sold 560 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)

Inventory records for Capetown, Incorporated revealed the following: Date April 1 April 20 Number of Transaction Units Unit Cost Beginning Inventory 500 Purchase 380 $ 2.47 2.74 Capetown sold 560 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)

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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