Mathematics, 31.03.2021 21:50 JoJo3671
Calculate the unit price of the closing inventory and its total cost The company uses the FIFO method
Date Transactions Units Sold Unit Cost ($) Total Cost ($)
Jan 09 Beginning Inventory 700 10 5,000
Jan 18 Purchase 500 10.50 5,250
Jan 27 Sale 800 ?
Jan 31 Closing 400 ?
The unit price of the closing inventory is
and the total cost is
.
Answers: 3
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Calculate the unit price of the closing inventory and its total cost The company uses the FIFO metho...
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