A company has beginning inventory of 40 units at a cost of $12.50 each on October 1. On October 5, it purchases 26 units at $13.50 per unit. On October 12 it purchases 36 units at $14.50 per unit. On October 15, it sells 78 units. Using the FIFO periodic inventory method, what is the value of the inventory at October 15 after the sale?
+2
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A company has beginning inventory of 40 units at a cost of $12.50 each on October 1. On October 5, it purchases 26 units at $13.50 per ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » A company has beginning inventory of 40 units at a cost of $12.50 each on October 1. On October 5, it purchases 26 units at $13.50 per unit. On October 12 it purchases 36 units at $14.50 per unit. On October 15, it sells 78 units.