Imagine that you're the manager of the Candle Shop. Figures C-1 contains your records of annual inventory figures for candles. Using the FIFO method of inventory pricing, what is the dollar value of ending inventory if there were 17,000 units on hand on December 31? Show all your work.
math - PsyDAG, Friday, May 14, 2010 at 1:10am
We don't have figure C-1.
math - Anonymous, Sunday, September 26, 2010 at 12:55pm
figure c-1 is
Jan.1 beginning invenntory- 5,000 units @.89
feb.15 purchase- 10,000 units @.69
apr.15 purchase- 2,000 units @1.09
jul 15 purchase- 4,000 units @.99
oct.15 purchase- 1,000 units @1.19
dec.15 purchase- 2,000 units @1.09
math - Monica, Saturday, September 28, 2013 at 3:09pm