A company purchased 400 units for $20 each on January 31. It purchased 520 units for $26 each on February 28. It sold a total of

Question

3 years ago

10

A company purchased 400 units for $20 each on January 31. It purchased 520 units for $26 each on February 28. It sold a total of

560 units for $40 each from March 1 through December 31. What is the amount of ending inventory on December 31 if the company uses the first-in, first-out (FIFO) inventory costing method

Mathematics

1 answer:

kvv77 [185] · Answer 1 · 2022-02-27T10:56:07+03:00

kvv77 [185]3 years ago

5 0

Answer:

there is $9360 worth of invertory left as of december 31

Step-by-step explanation: