Business, 28.06.2021 15:30 thebiggestbigbilly
Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2015 are as follows:
Units Per unit price Total
Balance, 1/1/15 200 $5.00 $1,000
Purchase, 1/15/15 100 5.30 530
Purchase, 1/28/15 100 5.50 550
An end of the month (1/31/15) inventory showed that 160 units were on hand." uses FIFO, what is the value of the ending inventory?
Answers: 2
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Effie Company uses a periodic inventory system. Details for the inventory account for the month of J...
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