The attached inventory information is for Mra ehf: Nov 1 Stock 30 pcs at ISK 8.00/pc Nov

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The attached inventory information is for Móra ehf:

Nov 1 Stock 30 pcs at ISK 8.00/pc

Nov 8. Product purchase 120 pcs at ISK 8.30/pc

Nov 17 Product purchase 60 pcs at ISK 8.40/pc

Nov 25 Product purchase 90 pcs at ISK 8.80/pc

A count at the end of November revealed that 120 pcs are in stock. Assume a periodic inventory system. What is the value of the inventory at the end of November according to FIFO method?

Select one alternative:

996 kr.
1.044 kr.
1.794 kr.
987 kr.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Oct 30, 2023 09:35 AM

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The attached inventory information is for Mra ehf: Nov 1 Stock 30 pcs at ISK 8.00/pc Nov

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Income Tax Fundamentals 2013

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