Paris Merchandising Ltd sells ladies skirts.The opening stock consisted of 300 skirts with purchase price of $50 each.Subsequent purchases during the period include: 400 at $60 each and another 200 for $70 each.A total of 700 skirts were sold during the period.What is ending inventory using FIFO method?

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The Answer of Paris Merchandising Ltd sells ladies skirts.The opening stock consisted of 300 skirts with purchase price of $50 each.Subsequent purchases during the period include: 400 at $60 each and another 200 for $70 each.A total of 700 skirts were sold during the period.What is ending inventory using FIFO method?

Paris Merchandising Ltd Sells Ladies Skirts