Answer:
Ending inventory= $27,000
Explanation:
Giving the following information:
A firm that sells a single product had a beginning inventory of 4,000 units with a total cost of $28,000. Early in the year, 10,000 units were purchased at $9 each.
First, we need to calculate the unitary value of the beginning inventory:
Beginning inventory= 28,000/4,000= $7 per unit
FIFO (first-in, first-out)
The last units that are left have a value of $9 each.
Ending inventory= 3,000*9= $27,000
