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randallcraig27
09.11.2020 •
Business
A company has beginning inventory of 42 units at a cost of $13.00 each on October 1. On October 5, it purchases 27 units at $14.00 per unit. On October 12 it purchases 37 units at $15.00 per unit. On October 15, it sells 81 units.
Required:
Using the FIFO periodic inventory method, what is the value of the inventory at October 15 after the sale?
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Ответ:
$375
Explanation:
October 1: 42 units at $13 = $546
October 5: 27 units at $14 = $378
October 12: 37 units at $15 = $555
total = $1,479
October 15: 81 units sold
Cost of goods sold under FIFO:
42 units at $14 = $546
27 units at $14 = $378
12 units at $15 = $180
total = $1,104
inventory on October 15 after sale = $1,479 - $1,104 = $375
Ответ:
the NASDAQ
Explanation:
Founded by the National Association of Securities Dealers, the NASDAQ began trading on February 8, 1971, as the world's first electronic stock market, trading for over 2,500 securities
Hope this helzsss:)