Business, 18.12.2021 14:30 ajaymatthew15
Addington, Inc. uses the first in, first out (FIFO) inventory cost flow assumption. Beginning inventory and purchases were as follows: Units Unit Cost Total Cost Beginning Inventory 200 $1,000 $200,000 Purchases, April 100 1,200 120,000 Purchases, July 100 1,250 125,000 Purchases, October 200 1,500 300,000 In November, Addington Inc sold 38 products to Joshstone Company. a) What is the cost of goods sold assigned to the 38 sold products? b) What is the value of ending inventory (unsold units)?
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Addington, Inc. uses the first in, first out (FIFO) inventory cost flow assumption. Beginning invent...
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