Question: Charapata Company applied FIFO to its inventory and got the

Charapata Company applied FIFO to its inventory and got the following results for its ending inventory.
Cameras ............ 100 units at a cost per unit of $65
Blu-ray players .......... 150 units at a cost per unit of $75
iPods ............. 125 units at a cost per unit of $80
The cost of purchasing units at year-end was cameras $71, Blu-ray players $67, and iPods $78.

Instructions
Determine the amount of ending inventory at lower-of-cost-or-market.



$1.99
Sales2
Views206
Comments
  • CreatedMarch 02, 2015
  • Files Included
Post your question
5000