The annual inventory of Bargain Bonanza, Inc. shows the following information for jackets: Date Qty Cost Total Cost January 1 Beginning Inventory 400 $44 $17,600 February 14 Purchase 150 45 6,750 July 13 Purchase 250 52 13,000 September 2 Purchase 400 71 28,400 October 8 Total available for sale 1,400 Purchase 200 60 12,000 $77,750 If 931 jackets were on hand on December 31, find the value (in $) of the ending inventory using the FIFO method of inventory pricing?
The annual inventory of Bargain Bonanza, Inc. shows the following information for jackets: Date Qty Cost Total Cost January 1 Beginning Inventory 400 $44 $17,600 February 14 Purchase 150 45 6,750 July 13 Purchase 250 52 13,000 September 2 Purchase 400 71 28,400 October 8 Total available for sale 1,400 Purchase 200 60 12,000 $77,750 If 931 jackets were on hand on December 31, find the value (in $) of the ending inventory using the FIFO method of inventory pricing?
Chapter10: Inventory
Section: Chapter Questions
Problem 4PA: Calculate the cost of goods sold dollar value for A74 Company for the sale on March 11, considering...
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