posted by .

I messed up somewhere.:(

Using the FIFO method of inventory pricing, what is the dollaor value of ending inventory if there were 17,000 units on hand on Dec 31 Must show all of work

Jan 1 5,ooo @ \$0.89 = 4450
Feb 15 10,000 @\$ 0.69 = 6900
Apr 15 2,000 @\$1.09 = 2180
July 15 4,000 @\$0.99 = 3960
Oct 15 1,000 @\$1.19 = 1190
Dec 15 2,000 @ \$1.09 = 2180
+------------
20860

I keep messing up could someone please tell me what I am doing wrong thanks in advance :)

You only have 17,000 left in the store. The early months are gone - sold.

So start at Dec and work back until you get to 17,000

Dec 2,000 @ 1.09 = 2180
Oct 1,000 @ 1.19 = 1190
July 4,000@ 0.99 = 3960
April 2000@ 1.09 = 2180 that is 9000 units
Feb- 8,000@ 0.69 = 5520 that is 17000 units, the end

## Similar Questions

The Candle Shop -Annual Inventory of candles. _______-________________________________ Jan 1 Beg Inventory 5,000 units @\$0.89 ---------------------------------------- Feb 15 Purchase 10,000 units @ \$0.69 ________________________________________ …
2. ### Math

Please check my answer thanks :) What is the dollar value of ending inventory if there was 300 units on hand Dec 31 Round your answer to the nearest dollar Use the FIFO method Inventory of windshelid wipers Jan 1 300 units @\$11.00=3300 …

please check my answer thanks :) You are the manager of The Candle Shop using the FIFO method of inventory pricing, what is the dollar value of the ending inventory if there were 17,000 units on hand Dec 31 Show all of your work Jan …

You are the manager of The Candle Shop using the FIFO method of inventory pricing, what is the dollar value of the ending inventory if there were 17,000 units on hand Dec 31 Jan 1 5,000 @ \$0.89 Feb15 10,000 @ \$0 69 April 15 2,000 @\$1.09 …
5. ### math

Sara is the manager of The Candle Shop She uses the FIFO method of inventory pricing, what is the dollar value of the ending inventory if there were 17,000 units on hand Dec 31 Jan 1 5,000 @ \$0.89 Feb15 10,000 @ \$0 69 April 15 2,000 …
6. ### Math confused

Amy is the owner of The Candle Shop she uses the FIFO method for inventory pricing, what is the dollar value of the ending inventory if there were 17,000 units on hand Dec 31 ok this is what I have so Jan 1 5,000 @ \$0.89 Feb15 10,000 …
7. ### Math

Imagine that youâ€™re the manager of an auto parts store. Figure A-2 contains your records of annual inventory figures for windshield wipers. Using the FIFO method of inventory pricing, what is the dollar value of ending inventory …
8. ### math

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 …
9. ### Math

I have 2 questions involving inventory Question 1. Your a manager of an auto parts store.Figures below contains your records of the annual inventory figures for windshield wipers. Using the FIFO method of inventory pricing,hat is the …