The attached inventory information is for Mra ehf: Nov 1 Stock 30 pcs at ISK 8.00/pc Nov
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Question:
The attached inventory information is for Móra ehf:
Nov 1 Stock 30 pcs at ISK 8.00/pc
Nov 8. Product purchase 120 pcs at ISK 8.30/pc
Nov 17 Product purchase 60 pcs at ISK 8.40/pc
Nov 25 Product purchase 90 pcs at ISK 8.80/pc
A count at the end of November revealed that 120 pcs are in stock. Assume a periodic inventory system. What is the value of the inventory at the end of November according to FIFO method?
Select one alternative:
- 996 kr.
- 1.044 kr.
- 1.794 kr.
- 987 kr.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: