Question Help Leading Edge Frame Shop wants to know the effect of different inve

Question

Question Help Leading Edge Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and rchases data for June are: EBB Click the icon to view the inventory and purchases data.) If Leading Edge Frame Shop uses the FIFO method, the cost of the ending inventory will be Data Table OA. $32,400. B. $27,450. ??. $32.700. OD. $38,250 UnitsUnit Cost Total Cost 2,400 18.0043,200 1,500 18.30 (1,800) Jun 1 Beginning inventory 4 Purchase 9 Sale 27,450 Print Done Click to select your answer 28

Explanation / Answer

Ending inventory units = 2400+1500-1800 = 2100 Cost of ending inventory = (1500*18.3)+(600*18)= $38250 Option D is correct

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.