Question: This accounting question does not make sense to me, I don't understand the process to answer this question correctly Easton Company uses the periodic inventory
This accounting question does not make sense to me, I don't understand the process to answer this question correctly
Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019:
Date
Activity
Quantity
Unit Price
5/1
Beginning Inventory
130
$11
5/5
Purchase
260
$13
5/15
Purchase
150
$15
5/25
Purchase
160
$17
Sales were 430 units at $25.Using the FIFO method, determine the dollar value of Ending Inventory for the month of May.
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