Question: Given the following inventory activity, what is ending inventory using the perpetual FIFO costing method? (Round any intermediary calculations to the nearest cent and
Given the following inventory activity, what is ending inventory using the perpetual FIFO costing method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dolar) Date Beginning Balance Quantity Unit Cost 150 $5.00 September 17 Purchase 45 $2.50 September 24 Sale 65 September 29 Purchases 15 $3.00 OA 120 units $5.00 and 25 units $2.50 OB. 85 units @ $5.00 and 45 units @ $2.50 and 15 units @$3.00 OC 145 units at $3.50 OD 140 units ($5.00 and 5 units @ $3.00
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