The following information pertains to Julia & Company: March 1 Beginning inventory = 33 units @ $5.80 %3D March 3 Purchased 16 units @ 3.60 March 9 Sold 26 units @ 8.60 What is the ending inventory balance for Julia & Company assuming that it uses FIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $98. $58. $133.

The following information pertains to Julia & Company: March 1 Beginning inventory = 33 units @ $5.80 %3D March 3 Purchased 16 units @ 3.60 March 9 Sold 26 units @ 8.60 What is the ending inventory balance for Julia & Company assuming that it uses FIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $98. $58. $133.

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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