Help Save& Exit Subeit Exam Chapters 6 to8 ts purchases during the month of Janu

Question

Help Save& Exit Subeit Exam Chapters 6 to8 ts purchases during the month of January were as tollows 4 Ouantity Unit Total Cost Cost beginning inventory (dan. 2217 374 1) Purchase (Jan. 11) Purchase (Jan. 20) Total 18 23 29 25 414 725 pons The other 38 units remained in inventory at January 3t On January 14 Beech Soda, Inc sold 31 units of this product the 38 units of this product in inventory at January 31 have a Assunngthat Beech Soda uses the FIFcost flow assunt on, total cost ot Muiple Choice 902 S4TE 932

Explanation / Answer

Answer is $ 932.

Explanation is as follows:

Ending inventory under FIFO (inventory is from last purchases as first purchased issued forst )

Clsoing inventory of 38 units =29 units@23 +9 units@23 = 725 +207 = $932

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