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

-Assuming Tina Star Company 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 the order of occurrence, the purchases and sales of Tina Star Company for an operating period.
 
-Assuming Tina Star Company uses FIFO periodic inventory procedures, the ending inventory cost is:

Quizplus · Accepted Answer

(70 x $144) + (20 x $128) = $12,640

Use the Following Information to Answer