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April 19, 2014

Homework Help: Business Finance

Posted by Terry on Sunday, January 22, 2012 at 2:51pm.

Using the FIFO method of inventory pricing, what is the dollar value ending inventory if there were 300 units on hand December 31?
Auto Parts annual inventory of Windshield Wipers:
January 1, Beginning inventory 300 units@11.00
March 15 Purchase 15o units @ 10.50
June 10 Purchase 200 units@10.75
September 22 Purchse 175 units@10.00
December 10 Purchase 100 units @ 12.oo
a)3188 b)3219 c)3350 d)3600

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