• Date Units Purchased $7,020.00 Beginning Inventory, Jan. 1 Purchase, Apr 14 $19.89 Purchase, July 17 $19.25 Purchase, Oct 31 $19.50 Total Goods Available for Sale(GAS) Cost of GAS The buyer at Bourbon Street Distributors took physical inventory on December 31 and found that 360 cases of Hotter than All Get-Out Hot Sauce remained in inventory. What is the dollar value of the ending inventory using the FIFO method? 275 550 900 Cost/Unit 1,234 Total Cost $21.50 $5,912.50 $10,939.50 $17,325.00 $24,063.00

• Date Units Purchased $7,020.00 Beginning Inventory, Jan. 1 Purchase, Apr 14 $19.89 Purchase, July 17 $19.25 Purchase, Oct 31 $19.50 Total Goods Available for Sale(GAS) Cost of GAS The buyer at Bourbon Street Distributors took physical inventory on December 31 and found that 360 cases of Hotter than All Get-Out Hot Sauce remained in inventory. What is the dollar value of the ending inventory using the FIFO method? 275 550 900 Cost/Unit 1,234 Total Cost $21.50 $5,912.50 $10,939.50 $17,325.00 $24,063.00

Name: hh DateBeginning Inventory, Jan. 1Purchase, Apr 14Purchase, July 17Pur
Uploaded: 2024-03-20T06:32:37.000Z
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Description: hh DateBeginning Inventory, Jan. 1Purchase, Apr 14Purchase, July 17Purchase, Oct 31$7,020.00$6,930.00Units Purchased$7,740.00$7160.402755509001,234Cost/Unit$21.50$19.89$19.25$19.50Total Goods Available for Sale(GAS)The buyer at Bourbon Street Distrib

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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