Please help not sure if I got the right answer

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Brave Company has the following inventory information. Accounting Transactions Date Transaction Units and Cost July 1 Beginning Inventory 15
units at $ 92 5 Purchases 124 units at $ 93 14 Sale 76 units 21 Purchases 60 units at $ 90 30 Sale 51 units Assuming that a perpetual inventory
system is used, what is the ending inventory on a FIFO basis? O $6,701 O $6,516 O $6,587 O $6,423 O $6,654

 

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Brave Company has the following inventory information. Accounting Transactions Date Transaction July 1 Beginning Inventory 5 Purchases 14 Sale 21 Purchases 30 Sale Units and Cost 15 units at $92 124 units at $ 93 76 units 60 units at $ 90 51 units Assuming that a perpetual inventory system is used, what is the ending inventory on a FIFO basis? O $6,701 O $6,516 O $6,587 O $6,423 O $6,654 Brave Company has the following inventory information. Accounting Transactions Date Transaction July 1 Beginning Inventory 5 Purchases 14 Sale 21 Purchases 30 Sale Units and Cost 15 units at $92 124 units at $ 93 76 units 60 units at $ 90 51 units Assuming that a perpetual inventory system is used, what is the ending inventory on a FIFO basis? O $6,701 O $6,516 O $6,587 O $6,423 O $6,654

Answer rating: 100% (QA)

To calculate the ending inventory on a FIFO FirstInFirstOut basis we need ... View the full answer