and sales of its only product Salmone uses d pp Salmone Comp
and sales of its only product Salmone use\'s d pp Salmone Company reported the following purchases the ending inventory using FIFO Date May 1 Beginning Inventory ActivitiesUnits Acquired at Cost Units Sold at Retail 330 units$18 310 units$20 5 Purchase 10 Sales 15 Purchase 24 Sales 23e units e $28 190 units$21 180 units $29
Solution
The cost assigned to ending inventory using FIFO:
= (190 * $21) + (230 * $20)
= $8,590
