Business, 14.10.2020 01:01 morgans53005
At year-end, the perpetual inventory records of Anderson Company indicate 60 units of a particular product in inventory, acquired at the following dates and unit costs: Purchased in August: 30 units at $750 per unit. Purchased in November: 30 units at $700 per unit. A complete physical inventory taken at year-end indicates only 50 units of this product actually are on hand. Under the FIFO cost flow assumption, the cost of these items to be included in inventory in the company's year-end balance sheet is:
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