Berring Sales uses FIFO.The partially completed inventory record for January appears below. On January 14,the company sold 10 units.On January 29,the company sold 50 units.
-Complete the inventory record and calculate the Ending inventory balance at the end of January.(Please round to the nearest whole dollar.)

Question

Berring Sales uses FIFO.The partially completed inventory record for January appears below.  On January 14,the company sold 10 units.On January 29,the company sold 50 units.
-Complete the inventory record and calculate the Ending inventory balance at the end of January.(Please round to the nearest whole dollar.)

Quizplus · Accepted Answer

B) Calculations: 5 × $4.25 + 30 × $3.80 = $135

Berring Sales Uses FIFO