The following inventory was available for sale during the year for Thomasina Tools:
Begi...
Business, 07.04.2020 15:44 walkinginmypurpose
The following inventory was available for sale during the year for Thomasina Tools:
Beginning inventory 10 units at $80
First purchase 15 units at $110
Second purchase 30 units at $140
Third purchase 20 units at $130
Thomasina Tools has 25 units on hand at the end of the year.
What is the dollar amount of inventory at the end of the year according to the first-in, first-out method?
Select one:
A. $5,950
B. $3,300
C. $3,150
D. $3,900
Answers: 2
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