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

 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 Invento

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