really stuck
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Questions
The following questions were asked by visitors named really stuck.
Amy is the owner of The Candle Shop she uses the FIFO method for inventory pricing, what is the dollar value of the ending inventory if there were 17,000 units on hand Dec 31 ok this is what I have so Jan 1 5,000 @ $0.89 Feb15 10,000 @ $0 69 April 15 2,00...
17 years ago
8000 x .69+ 2000 x 1.09 + 4000 x .99 + 1000 x 1.19 + 2000 x 1.09 = 8000 x .69 = 5520 + 2000 =7520 7520 x 1.09 = 8196.80 8196.80 + 4000 = 12196.80 12196.80 x.99 = ok this what I have so far I need to show all of my work
17 years ago
8000 x .69+ 2000 x 1.09 + 4000 x .99 + 1000 x 1.19 + 2000 x 1.09 = 8000 x .69 = 5520 + 2000 =7520 7520 x 1.09 = 8196.80 8196.80 + 4000 = 12196.80 12196.80 x.99 = 12074.832 12074.832 +1000=13074.32 13074.32 x1.19 = 15559.05 15559.05+ 2000=17550.05 17550.05...
17 years ago
8000x.69 = 5,520 2000x1.09 = 2,180 4000x.99 = 3,960 1000x 1.19 =1,190 2000x1.09 = 2,180 5,520 + 2,180 +3,960 =1,190 +2,180 = 15030 the value of ending inventory is that right
17 years ago
Answers
The following answers were posted by visitors named really stuck.