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Homework Answers
Answer : C. $2400
Calculated as
Out of 210 unit left 120 will be from Jan 10 purchases and 90 from Jan 22 purchases
| Ending Inventory Valuation using FIFO | |||||
| Units left from purchases on | Units | Rate | Total | ||
| 10-Jan | 120 | x | 11 | = | 1320 |
| 22-Jan | 90 | x | 12 | = | 1080 |
| Total | 210 | $ 2,400 | |||
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need help with this problem - thank you
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