Posted by **keleb** on Tuesday, January 8, 2008 at 9:44am.

please check my answer thanks :)

I messed up somewhere.:(

Using the FIFO method of inventory pricing, what is the dollaor value of ending inventory if there were 17,000 units on hand on Dec 31 Must show all of work

Jan 1 5,ooo @ $0.89 = 4450

Feb 15 10,000 @$ 0.69 = 6900

Apr 15 2,000 @$1.09 = 2180

July 15 4,000 @$0.99 = 3960

Oct 15 1,000 @$1.19 = 1190

Dec 15 2,000 @ $1.09 = 2180

+------------

20860

I keep messing up could someone please tell me what I am doing wrong thanks in advance :)

- math please help -
**Damon**, Tuesday, January 8, 2008 at 2:01pm
You only have 17,000 left in the store. The early months are gone - sold.

So start at Dec and work back until you get to 17,000

Dec 2,000 @ 1.09 = 2180

Oct 1,000 @ 1.19 = 1190

July 4,000@ 0.99 = 3960

April 2000@ 1.09 = 2180 that is 9000 units

Feb- 8,000@ 0.69 = 5520 that is 17000 units, the end

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