Imagine that you're the manager of the Candle Shop. Figures C-1 contains your records of annual inventory figures for candles. Using the FIFO method of inventory pricing, what is the dollar value of ending inventory if there were 17,000 units on hand on December 31? Show all your work.

Answer 1

We don't have figure C-1.

Answer 2

figure c-1 is
Jan.1 beginning invenntory- 5,000 units @.89

feb.15 purchase- 10,000 units @.69
apr.15 purchase- 2,000 units @1.09
jul 15 purchase- 4,000 units @.99
oct.15 purchase- 1,000 units @1.19
dec.15 purchase- 2,000 units @1.09

Answer 3

15030