shalease1306 shalease1306

02-01-2023
Mathematics

Answered

calculate the unit price of the closing inventory and its total cost the company uses the fifo method
date
transactions
units sold unit cost ($) total cost ($)
700
10
5,000
jan 09 beginning inventory
jan 18
purchase
jan 27
sale
500
10.50
5,250
800
?
jan 31
closing
400
?

Answer :

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