Dunbar sold 630 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 $1,255. $627.
Dunbar sold 630 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 $1,255. $627.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Inventory records for Dunbar Incorporated revealed the following:
Number
Unit
Date
Transaction
of Units
Cost
Apr. 1 Beginning inventory
470
$2.41
Apr. 20 Purchase
420
2.67
Dunbar sold 630 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
$1,255.
$627.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6178712b-a98f-419f-96e7-7f9383a53618%2F8651a304-f439-4f5c-91dc-8645ad795a94%2Fevklx79_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Inventory records for Dunbar Incorporated revealed the following:
Number
Unit
Date
Transaction
of Units
Cost
Apr. 1 Beginning inventory
470
$2.41
Apr. 20 Purchase
420
2.67
Dunbar sold 630 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
$1,255.
$627.
![Multiple Choice
$1,255.
$627.
$1,133.
$694.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6178712b-a98f-419f-96e7-7f9383a53618%2F8651a304-f439-4f5c-91dc-8645ad795a94%2Flstlln1h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Multiple Choice
$1,255.
$627.
$1,133.
$694.
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