A company made the following merchandise purchases and sales during the month of May:
There was no beginning inventory.
-If the company uses the FIFO periodic inventory method,what would be the cost of the ending inventory?

Question

A company made the following merchandise purchases and sales during the month of May:
  There was no beginning inventory.
-If the company uses the FIFO periodic inventory method,what would be the cost of the ending inventory?

Quizplus · Accepted Answer

The Answer of A company made the following merchandise purchases and sales during the month of May:
  There was no beginning inventory.
-If the company uses the FIFO periodic inventory method,what would be the cost of the ending inventory?

A Company Made the Following Merchandise Purchases and Sales During