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March 30, 2015

Homework Help: Business Math

Posted by Terry on Monday, January 23, 2012 at 10:41am.

Using the FIFO method of inventory pricing, what is the dollar value of ending inventory if there were 300 units on hand on December 31?
Annual inventory of windshield wipers
January 1 Beginning inventory 300 units@11.00
March 15 Purchase 150 units@10.50
June 10 Purchase 200 units@10.75
September 22 Purchase 175 units @10.00
December 10 Purchase 100 units@12.00
a)3188 b)3219 c)3350 d)3600

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