Use the following information to answer:
The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Woof, Inc. for an operating period.

-Assuming Woof, Inc. uses FIFO periodic inventory procedures, the ending inventory cost is:

Question

Use the following information to answer:
The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Woof, Inc. for an operating period.
 
-Assuming Woof, Inc. uses FIFO periodic inventory procedures, the ending inventory cost is:

Quizplus · Accepted Answer

(40 x $66) + (8 x $75) = $3,240

Use the Following Information to Answer