Kam Company has the following units and costs. If 9,000 units are on hand at December 31,

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Kam Company has the following units and costs.

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If 9,000 units are on hand at December 31, what is the cost of the ending inventory under FIFO?

a. $\$ 99,000$.

b. $\$ 108,000$.

c. $\$ 113,000$.

d. $\$ 117,000$.

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119791089

10th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell

Question Posted: Feb 24, 2024 05:01 AM

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Kam Company has the following units and costs. If 9,000 units are on hand at December 31,

Question:

Inventory, Jan. 1 Purchase, June 19 Purchase, Nov. 8 Units 8,000 13,000 5,000 Unit Cost $11 12 13

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c Under FIFO ending inventory will consist o...View the full answer

Financial Accounting Tools For Business Decision Making

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