Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 6 - Reporting and Analyzing Inventory - Self-Test Questions: 4

Answer

c

Work Step by Step

To find the FIFO valuation, compute the value of the last 9000 units received. $(5000\times13)+(4000\times12)=65000+48000=113000$
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