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Product information for item 307 is as follows:

1 Jan2012 Inventory50 units @ $10 = $50024 Apr2012 Purchase30 units @ $8 = $24010 Jul2012 Purchase40 units @ $7 = $28015 July2012 Purchase35 units @ $8 =280 By a physical count, it is estimated that95 units are left in the ending inventory. The value of the ending inventory under FIFO valuation is? A. $720 B. $845 C. $770 D. $760

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Question added by SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline
Date Posted: 2014/03/12
Andre Venter
by Andre Venter , Finance Head , Cirebelle Fine Chemicals (PTY) LTD

the value is720

 

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