Saturday
August 30, 2014

Homework Help: finance

Posted by james on Tuesday, February 8, 2011 at 11:28am.

A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the value of the ending inventory using LIFO? Note: LIFO, last-in, first-out represents that the last produced will be the first shipped. (Show your work/calculations/formulas)

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

finance - 3) A firm has beginning inventory of 300 units at a cost of $11 each. ...
finance - A firm has beginning inventory of 300 units at a cost of $11 each. ...
Accounting - Department E had 4,000 units in Work in Process that were 40% ...
Finanace - Beginning inventory 600 units @ $ 10 Purchases ( in order from first ...
Finance accounting - Eddings Company had a beginning inventory of 400 units of ...
Accounting - Below is budgeted production and sales information for Flushing ...
Business Finance - Using the FIFO method of inventory pricing, what is the ...
math - Eddings Company had a beginning inventory of 400 units of Product XNA at ...
accounting - Eddings Company had a beginning inventory of 400 units of Product ...
Business Analysis - A firm has the following inventory information for the first...

Search
Members