Inventory records for Eliza Company revealed the following Number of Date Transaction Units Unit Cost March 1 Beginning Inventory 980 $7.26 March 10 Purchase 560 7.76 March 16 March 23 Purchase Purchase 451 8.36 580 9.06 Eliza sold 1,850 units of inventory during the month. Ending Inventory assuming FIFO would be (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice O $9,240 $1,489 $5.709 $7,115

Inventory records for Eliza Company revealed the following Number of Date Transaction Units Unit Cost March 1 Beginning Inventory 980 $7.26 March 10 Purchase 560 7.76 March 16 March 23 Purchase Purchase 451 8.36 580 9.06 Eliza sold 1,850 units of inventory during the month. Ending Inventory assuming FIFO would be (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice O $9,240 $1,489 $5.709 $7,115

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter7: Inventories: Cost Measurement And Flow Assumptions

Section: Chapter Questions

Problem 11RE: Jessie Stores uses the periodic system of calculating inventory. The following information is...

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