Roseanne Company's inventory records show the following data: $$\begin{array} { l r c }
& \text { Units } &\text { Unit Cost } \
\text { Inventory, January 1 } & 10,000 &\$ 9.00\
\text { Purchases: June 18 } & 9,000 & 8.20 \
\quad\quad\quad\text { November } 8 & 6,000 & 7.25
\end{array}$$ A physical inventory on December 31 shows 5000 units on hand. Under the FIFO method the December 31 inventory is

Question

Roseanne Company's inventory records show the following data: $$\begin{array} { l r c } 
& \text { Units } &\text { Unit Cost }   \
\text { Inventory, January 1 } & 10,000 &\$ 9.00\
\text { Purchases: June 18 } & 9,000 &  8.20 \
\quad\quad\quad\text { November } 8 & 6,000 & 7.25
\end{array}$$ A physical inventory on December 31 shows 5000 units on hand. Under the FIFO method the December 31 inventory is

Quizplus · Accepted Answer

The Answer of Roseanne Company's inventory records show the following data: $$\begin{array} { l r c } 
& \text { Units } &\text { Unit Cost }   \
\text { Inventory, January 1 } & 10,000 &\$ 9.00\
\text { Purchases: June 18 } & 9,000 &  8.20 \
\quad\quad\quad\text { November } 8 & 6,000 & 7.25
\end{array}$$ A physical inventory on December 31 shows 5000 units on hand. Under the FIFO method the December 31 inventory is

Roseanne Company's Inventory Records Show the Following Data A Physical Inventory on December 31 Shows 5000 Units on l