inventory records for Eliza Company revealed the following Number of Units Transaction Unit Cost Beginning Inventory $7.19 Purchase 7,69 8.29 Purchase Purchase 8.99 Eliza sold 1,790 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.) Date March 1 March 10 March 16 March 23 Multiple Choice O O O 16.415 $5.769 $8.700 $1404 920 560 442 528

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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inventory records for Eliza Company revealed the following
Number of
Units
Date
Transaction
Unit Cost
March 1 Beginning Inventory
$7.19
March 10
7,69
Purchase
Purchase
March 16
8.29
March 23
Purchase
8.99
Eliza sold 1,790 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
O
O
16615
$5.769
$8.700
$1404
920
560
442
528
Transcribed Image Text:inventory records for Eliza Company revealed the following Number of Units Date Transaction Unit Cost March 1 Beginning Inventory $7.19 March 10 7,69 Purchase Purchase March 16 8.29 March 23 Purchase 8.99 Eliza sold 1,790 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 O O 16615 $5.769 $8.700 $1404 920 560 442 528
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