contestada

Carla Company was formed on December 1, 2016. The following information is available from Carla’s inventory records for Product BAP. Units Unit Cost January 1, 2017 (beginning inventory) 708 $ 7.00 Purchases: January 5, 2017 1,416 8.00 January 25, 2017 1,534 9.00 February 16, 2017 944 10.00 March 26, 2017 708 11.00 A physical inventory on March 31, 2017, shows 1,888 units on hand. Prepare schedule to compute the ending inventory at March 31, 2017, under FIFO inventory method.

Respuesta :

Answer:

Ending Inventory under FIFO mar-31 1.888 19.352

Explanation:

 Purch.   Unit cost Purcha.. End. Inv. Cost End. Inv

Beg. Inv. Jan-1   708  7   708          0            0

       Jan-5   1.416 8 2.124          0            0

       Jan-25 1.534 9 3.658    236           2.124

       feb-16    944 10 4.602   944            9.440

      mar-26   708 11 5.310   708            7.788

     

Total purchases  5.310    

     

Ending Inventory mar-31   1.888 19.352

Otras preguntas