a-company-has-a-beginning-inventory-of-50-units-at-4-each-during-the-period-it-p

Question

A company has a beginning inventory of 50 units at $$4 each. During the period, it purchases 100 units at 5 $$each and sells 120 units. Calculate the ending inventory using FIFO.

Accepted Answer

30 units at $5 each

Answer

50 units at $4 each

Answer

30 units at $4 each

Answer

50 units at $5 each

A company has a beginning inventory of 50 units at \$4 each. During the period, it purchases 100 units at \$5 each and sells 120 units. Calculate the ending inventory using FIFO.