A firm that sells a single product had a beginning inventory of 4,000 units with a total cost of $28,000. Question # 00047454 Posted By: jia_andy Updated on: 02/08/2015 02:02 PM Due on: 05/27/2015 Subject Business Topic General Business Tutorials: 1 See full Answer Question A firm that sells a single product had a beginning inventory of 4,000 units with a total cost of $28,000. Early in the year, 10,000 units were purchased at $9 each. Using FIFO, what is the value of the ending inventory of 3,000 units? Rating: 4.9/5
Solution: A firm that sells a single product had a beginning inventory of 4,000 units with a total cost of $28,000.