Beginning inventory 15 units @ $6 per unit, First purchase 30 units @ $7 per unit,...

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Beginning inventory 15 units @ $6 per unit, First purchase 30 units @ $7 per unit, First sale 25 units Second purchase 35 units @ $8 per unit Second sale 40 units Third purchase 20 units @ $9 per unit What is the value of the ending inventory using a perpetual inventory system with the FIFO costing method? " Beginning inventory 15 units @ $6 per unit, First purchase 30 units @ $7 per unit, First sale 25 units Second purchase 35 units @ $8 per unit Second sale 40 units Third purchase 20 units @ $9 per unit What is the value of the ending inventory using a perpetual inventory system with the FIFO costing method? "

Answer rating: 100% (QA)

Here is the calculation Beginning inventory 15 units 6unit 90 First purchase 30 u... View the full answer