Question

Company Y has the following inventory data: August 1 Beginning inventory 20 units at $10. Aug 8. Purchases 130 units at $15. Aug 17 Sale 80 units at $20. Assuming that a perpetual inventory system is used. What is ending inventory (rounded) under the FIFO method for August?

Select one:

a. $2150

b. $200

c. $1050

d. $1600

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Answer 1

Answer:

Exercise 13.1

1. Construct a quadrilateral PQRS where PQ - 4.5 cm, OR = 6 cm, RS = 5.5 cm, PS - 5 cm

and PR = 6.5cm.