craneshaina craneshaina

27-05-2022
Business

contestada

what's the best way to calculate ending inventory if using FIFO method?

Respuesta :

jhpionk28 jhpionk28

27-05-2022

Answer:

According to-

Explanation:

According to the FIFO method, the first units are sold first, and the calculation uses the newest units. So, the ending inventory would be 1,500 x 10 = 15,000, since $10 was the cost of the newest units purchased.

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