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December 20, 2014

December 20, 2014

Posted by **really stuck** on Thursday, May 22, 2008 at 6:46am.

ok this is what I have so

Jan 1 5,000 @ $0.89

Feb15 10,000 @ $0 69

April 15 2,000 @$1.09

July 15 4,000 $0.99

Oct 15 1,000 1.19

Dec 15 2,000 $1.09

5,000 x $0.89 = 4450

10,000 x $0.69 = 6900

2,000 x $1.09 = 2180

4,000 x $0.99 = 3960

1,000 x $1.19 = 1190

2,000 x $1.09 = 2180

________________

+-------

20860

I am not sure what I do from here thanks for your help

- Math confused -
**bobpursley**, Thursday, May 22, 2008 at 7:22amIF it is FIFO, then the older units go first. You should be totaling the value of units, starting with the most recent working back, until you get a total of 17000 units on hand. The first 5000 units are gone, and of the next 10000, only 8000 are on hand. Check my counting.

- Math confused -
**RC**, Tuesday, July 8, 2008 at 8:03amI am trying to help a friend and I understand the first part but I am really confused about what to do next!!

This is what I have so far

10,000 x $0.69 = 6900

2,000 x $1.09 = 2180

4,000 x $0.99 = 3960

1,000 x $1.19 = 1190

2,000 x $1.09 = 2180

10,000

2,000

4,000

1,000

2,000

=

19,000

how do I figure out the dollar value of ending inventory if there were 17,000 units on hand on December 31?

This is where I really start having a problem. Can you please explain what I need to do next??

Thanks!!

- Math confused -
- Math confused bobpursley -
**really stuck**, Thursday, May 22, 2008 at 8:23pm8000 x .69+ 2000 x 1.09 + 4000 x .99 + 1000 x 1.19 + 2000 x 1.09 =

8000 x .69 = 5520 + 2000 =7520

7520 x 1.09 = 8196.80

8196.80 + 4000 = 12196.80

12196.80 x.99 =

am I doing this right so farI need to show all of my work

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