Thursday
July 31, 2014

Homework Help: bookkeeping

Posted by susue on Saturday, March 31, 2012 at 11:55am.

Fuses
on 2/1/20 i purchased 5000@1.20
on 5/6/20 i purchased 2500@1.24
on 9/18/20 i purchased 1000@1.33
i have 2481 on hand
what is the ending inventory value for fuses using FIFO?
A)$2,977.20
B)$3,044.33
C)$3166.44
D)$3299.73

my answer is c
please help

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