Waterway uses the periodic inventory system. For the current month, the beginning inventory consisted of 7300...
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Waterway uses the periodic inventory system. For the current month, the beginning inventory consisted of 7300 units that cost $11.00 each. During the month, the company made two purchases: 3100 units at $12.00 each and 12000 units at $12.50 each. Waterway also sold 12900 units during the month. Using the FIFO method, what is the ending inventory? O $104500. O $106700. O $113433. O $118750. Waterway uses the periodic inventory system. For the current month, the beginning inventory consisted of 7300 units that cost $11.00 each. During the month, the company made two purchases: 3100 units at $12.00 each and 12000 units at $12.50 each. Waterway also sold 12900 units during the month. Using the FIFO method, what is the ending inventory? O $104500. O $106700. O $113433. O $118750.
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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