A few days ago
please help.. accounting question?
The following lots of a particular commodity were available for sale during the year:
Beginning inventory…….. 10 units at $60
First purchase…………. 25 units at $63
Second purchase………… 30 units at $64
Third purchase…………. 10 units at $70
The firm uses the periodic system and there are 20 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year according to the last-in, first-out method?
– $1,230
– $1,220
– $1,240
– $1,340
Top 1 Answers
A few days ago
Favorite Answer
No offense, but if you don’t try to figure this out on your own, how are you going to understand it?
0
- Academic Writing
- Accounting
- Anthropology
- Article
- Blog
- Business
- Career
- Case Study
- Critical Thinking
- Culture
- Dissertation
- Education
- Education Questions
- Essay Tips
- Essay Writing
- Finance
- Free Essay Samples
- Free Essay Templates
- Free Essay Topics
- Health
- History
- Human Resources
- Law
- Literature
- Management
- Marketing
- Nursing
- other
- Politics
- Problem Solving
- Psychology
- Report
- Research Paper
- Review Writing
- Social Issues
- Speech Writing
- Term Paper
- Thesis Writing
- Writing Styles