1. The KaChi AG produces potato chips in different flavors. The following table shows when and which quantities of potatoes the company purchased and used during March 2021. Beginning inventory Consumption Purchase Purchase Consumption Purchase Consumption Purchase Event €960 €1,090 €1,100 €1,180 Date 1.3. 5.3. 13.3. 17.3. 21.3. 25.3. 28.3. 30.3 Quantity [kg] 1,000 900 500 600 800 500 300 200 Price [€ per kg] 1.2 If the company uses the FIFO method, what is the value of the potatoes consumed on 21.03.? 1.6 1.3 1.4 1.3

ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance
Section: Chapter Questions
Problem 4.8P
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1. The KaChi AG produces potato chips in different flavors. The following table shows when and which quantities of
potatoes the company purchased and used during March 2021.
Beginning inventory
Consumption
Purchase
Purchase
Consumption
Purchase
Consumption
Purchase
Event
€960
€1,090
€1,100
€1,180
Date
1.3.
5.3.
13.3.
17.3.
21.3.
25.3.
28.3.
30.3
Quantity [kg]
1,000
900
500
600
800
500
300
200
Price [€ per kg]
1.2
If the company uses the FIFO method, what is the value of the potatoes consumed on 21.03.?
1.6
1.3
1.4
1.3
Transcribed Image Text:1. The KaChi AG produces potato chips in different flavors. The following table shows when and which quantities of potatoes the company purchased and used during March 2021. Beginning inventory Consumption Purchase Purchase Consumption Purchase Consumption Purchase Event €960 €1,090 €1,100 €1,180 Date 1.3. 5.3. 13.3. 17.3. 21.3. 25.3. 28.3. 30.3 Quantity [kg] 1,000 900 500 600 800 500 300 200 Price [€ per kg] 1.2 If the company uses the FIFO method, what is the value of the potatoes consumed on 21.03.? 1.6 1.3 1.4 1.3
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