During the past year, Golden Zippers sold 631 bronze zippers. Inventory records for the year are...
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During the past year, Golden Zippers sold 631 bronze zippers. Inventory records for the year are as follows: DATE January 1 May 6 September 13 November 14 December 26 Total available for sale O $19,028.00 O $18,772.00 O $17,172.00 O $17,760.00 Beginning Inventory 150 Purchase Purchase Purchase QUANTITY Purchase 250 200 350 100 1,050 COST $28 29 Using the FIFO method of inventory pricing, calculate the dollar value of the ending inventory. 32 40 50 TOTAL $ 4,200 7,250 6,400 14,000 5,000 $36,850 During the past year, Golden Zippers sold 631 bronze zippers. Inventory records for the year are as follows: DATE January 1 May 6 September 13 November 14 December 26 Total available for sale O $19,028.00 O $18,772.00 O $17,172.00 O $17,760.00 Beginning Inventory 150 Purchase Purchase Purchase QUANTITY Purchase 250 200 350 100 1,050 COST $28 29 Using the FIFO method of inventory pricing, calculate the dollar value of the ending inventory. 32 40 50 TOTAL $ 4,200 7,250 6,400 14,000 5,000 $36,850
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Beginning inventory 150 zippers at 28 each 4200 May 6 purchase 250 zippers at 29 each 725... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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