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9. Date Units Purchased Cost Per Unit

January 1

$8.00 (Beginning inventory)

January 18

9.00

February 20

11.00

March 15

12.00 (Ending inventory: 19)

The value of the ending inventory based on FIFO is

$196.00.

$126.00.

$216.00.

$219.00.

Respuesta :

hyderali230

Answer:

$219.00.

Step-by-step explanation:

January 1, 10 units @ $8 (10 x 8)          = $80

January 18, 50 units @ $9 (50 x 9)      = $450

February 20, 20 units @ $11 (20 x 11)  = $220

March 15, 10 units @ $12 (10 x 12)        = 120

Ending Inventory = 19 unit

Ending Inventory = (10 x12) + (9 x 11) = $219

netlarue98

Answer:

$219.00 (or $220.00 because it's closest option to $219.00)

Step-by-step explanation:

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