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Anastasy [175]
2 years ago
13

The following information pertains to Julia & Company: March 1 Beginning inventory = 29 units @ $5.80 March 3 Purchased 12 u

nits @ 4.00 March 9 Sold 23 units @ 8.60 What is the ending inventory balance for Julia & Company assuming that it uses FIFO?
Business
1 answer:
ikadub [295]2 years ago
3 0

Answer:6 units @5.8usd, 12 units @4.0usd. Total 82.8usd

Explanation: Fifo means first in first out. Then first to sell 23 units on 29 unit from march 1st

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