# math

what is the dollar value of ending inventory if there were 17,000 units on hand on December 31?

January 1 beginning inventory 5,000 units @\$0.89
February 15 purchase 10,000 units @ \$0.69
April 15 purchase 2,000 units @ \$1.09
July 15 purchase 4,000 units @ \$0.99
October 15 purchase 1,000 units @ \$1.19
December15 purchase 2,000 units @ \$1.09

My book does not explain very much on how to do the FIFO Method. I would really appreciate any thanks again

1. 👍 0
2. 👎 0
3. 👁 109

## 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

asked by Anonymous on November 9, 2007

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

asked by Jalenee on May 20, 2008
3. ### 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

asked by really stuck on May 22, 2008
4. ### 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

asked by Sue on May 20, 2008

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

asked by keleb on January 7, 2008
1. ### 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

asked by tanja on May 14, 2010
2. ### 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

asked by Anonymous on January 4, 2010

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

asked by Terry on January 22, 2012