The annual inventory of the following information for 20 inch tires. Quantity Date Jan 11 Mar 20 Jol 11 Sep 11 Nov 13 Total available for Sale A 112.00 B120.00 C 152.00 с D 221.00 Bejining Inventory Purchase Purchase Purchase Purchase of Big Wheels INC. Shows K Answer ку 50 10 424 30 40 154 Cost Total 6.50 325 1 20.50 26.50 22.50 22.50 If 34 tires were on hand Dec 31 What is the Value of ending inventory using the LIfo method of Inventory pricing? 205 636 675 900 $2,741

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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100%
The
annual inventory
the following information for 20 inch tires.
Quantity
Date
Jan 11
Mar zo
Jol 11
Sep 11
Nov 13
Total available for Sale
Begining Inventory
Purchase
Purchase
A 112.60
B
120.00
152.00
221.00
Purchase
Purchase
of Big Wheels INC. Shows.
A
Answer
ky
50
10
40
154
Cost
Total
6.50 325
24
30 22.50
22.50
20.50
26.50
If 34 tires were
on hand Dec 31 What is the
Value of
ending inventory using the LIfo method
of Inventory pricing ?
205
636
675
900
$2,741
Transcribed Image Text:The annual inventory the following information for 20 inch tires. Quantity Date Jan 11 Mar zo Jol 11 Sep 11 Nov 13 Total available for Sale Begining Inventory Purchase Purchase A 112.60 B 120.00 152.00 221.00 Purchase Purchase of Big Wheels INC. Shows. A Answer ky 50 10 40 154 Cost Total 6.50 325 24 30 22.50 22.50 20.50 26.50 If 34 tires were on hand Dec 31 What is the Value of ending inventory using the LIfo method of Inventory pricing ? 205 636 675 900 $2,741
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