Question: please answer my question I got 9000 and is wrong and 3600 is wrong too Robert Langdon Corp. began the fourth quarter with 1,000 items
please answer my question
I got 9000 and is wrong
and 3600 is wrong too
Robert Langdon Corp. began the fourth quarter with 1,000 items of inventory that it had previously purchased for $12.50 each ($12,500 total cost). During the fourth quarter, Langdon purchased an additional 900 items of inventory $15 each ($13,500 total cost). Later in the fourth quarter, Langdon sold 1,300 items for $20 each, which was the only sale during the quarter. What is Langdon's inventory balance at the end of the year? Langdon uses the FIFO cost flow assumption. (just enter the number, without any commas or a dollar sign)
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
