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Author Question: Given the following inventory activity, what is ending inventory using the perpetual FIFO costing ... (Read 127 times)

fagboi

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on: Feb 18, 2020
Given the following inventory activity, what is ending inventory using the perpetual FIFO costing method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)

Date​QuantityUnit Cost
Beginning Balance​130​$5.50​
September 17Purchase45​$3.00​
September 24Sale80​​
September 29Purchases30​$4.00​

◦ 115 units @ $5.50 and 10 units @ $3.00
◦ 125 units at $4.17
◦ 50 units @ $5.50 and 45 units @ $3.00 and 30 units @ $4.00
◦ 120 units @ $5.50 and 5 units @ $4.00
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by fagboi on Feb 18, 2020

annierak

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fagboi

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Reply 2 on: Feb 18, 2020
Great answer, keep it coming :)

jackie

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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