Tuesday
September 2, 2014

Homework Help: Math confused

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

Amy is the owner of The Candle Shop she uses the FIFO method for inventory pricing, what is the dollar value of the ending inventory if there were 17,000 units on hand Dec 31
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

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - Imagine that you're the manager of the Candle Shop. Figures C-1 contains ...
math - Sara is the manager of The Candle Shop She uses the FIFO method of ...
Math - Imagine that you’re the manager of an auto parts store. Figure A-2 ...
Matth please explian - You are the manager of The Candle Shop using the FIFO ...
very hard math question please help - The Candle Shop -Annual Inventory of ...
please check my answer - please check my answer thanks :) You are the manager of...
Business Math - Using the FIFO method of inventory pricing, what is the dollar ...
Business Finance - Using the FIFO method of inventory pricing, what is the ...
COLLEGE ACCOUNTING - Sunset Company uses the periodic inventory method and had ...
Math - I have 2 questions involving inventory Question 1. Your a manager of an ...

Search
Members