The annual inventory of Bargain Bonanza, Inc. shows the following information for jackets: Date Qty Cost Total Cost January 1 Beginning Inventory 400 $48 $19,200 February 14 Purchase 150 45 6,750 July 13 Purchase 250 48 12,000 September 2 Purchase 400 71 28,400 October 8 Purchase 200 60 12,000 Total available for sale 1,400 $78,350 If 927 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 $48 $19,200 February 14 Purchase 150 45 6,750 July 13 Purchase 250 48 12,000 September 2 Purchase 400 71 28,400 October 8 Purchase 200 60 12,000 Total available for sale 1,400 $78,350 If 927 jackets were on hand on December 31, find the value (in $) of the ending inventory using the FIFO method of inventory pricing?

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

The annual inventory of Bargain Bonanza, Inc. shows the following information for jackets:
Date
Qty
Cost
Total Cost
January 1
Beginning Inventory
400
$48
$19,200
February 14
Purchase
150
45
6,750
July 13
Purchase
250
48
12,000
September 2
Purchase
400
71
28,400
October 8
Purchase
200
60
12,000
Total available for sale
1,400
$78,350
If 927 jackets were on hand on December 31, find the value (in $) of the ending inventory using the FIFO method of inventory pricing?

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