The annual inventory of Bargain Bonanza, Inc. shows the following information for jackets: Date Qty Cost...
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The annual inventory of Bargain Bonanza, Inc. shows the following information for jackets: Date Qty Cost Total Cost January 1 Beginning Inventory 400 $44 $17,600 February 14 Purchase 150 45 6,750 July 13 Purchase 250 52 13,000 September 2 Purchase 400 October 8 Purchase 68 67 26,800 200 60 12,000 $76,150 Total available for sale 1,400 If 949 jackets were on hand on December 31, find the value (in $) of the ending inventory using the FIFO method of inventory pricing? The annual inventory of Bargain Bonanza, Inc. shows the following information for jackets: Date Qty Cost Total Cost January 1 Beginning Inventory 400 $44 $17,600 February 14 Purchase 150 45 6,750 July 13 Purchase 250 52 13,000 September 2 Purchase 400 October 8 Purchase 68 67 26,800 200 60 12,000 $76,150 Total available for sale 1,400 If 949 jackets were on hand on December 31, find the value (in $) of the ending inventory using the FIFO method of inventory pricing?
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