Inventory records for Dunbar Incorporated revealed the following: Dunbar sold 700 units of inventory during the month.Ending inventory assuming FIFO would be:
$$\begin{array} { | l | l | c r | }
\hline & & \text { Number of } \
\text { Date } & \text { Transaction } & \text { Units } & \text { Unit Cost } \
\hline \text { Apr. } 1 & \text { Beginning inventory } & 500 & \$ 2.40 \
\hline \text { Apr. } 20 & \text { Purchase } & 400 & 2.50 \
\hline
\end{array}$$

Question

Inventory records for Dunbar Incorporated revealed the following: Dunbar sold 700 units of inventory during the month.Ending inventory assuming FIFO would be:
$$\begin{array} { | l | l | c r | } 
\hline & & \text { Number of } \
\text { Date } & \text { Transaction } & \text { Units } & \text { Unit Cost } \
\hline \text { Apr. } 1 & \text { Beginning inventory } & 500 & \$ 2.40 \
\hline \text { Apr. } 20 & \text { Purchase } & 400 & 2.50 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Inventory records for Dunbar Incorporated revealed the following: Dunbar sold 700 units of inventory during the month.Ending inventory assuming FIFO would be:
$$\begin{array} { | l | l | c r | } 
\hline & & \text { Number of } \
\text { Date } & \text { Transaction } & \text { Units } & \text { Unit Cost } \
\hline \text { Apr. } 1 & \text { Beginning inventory } & 500 & \$ 2.40 \
\hline \text { Apr. } 20 & \text { Purchase } & 400 & 2.50 \
\hline
\end{array}$$

Inventory Records for Dunbar Incorporated Revealed the Following: Dunbar Sold