Question

J,JU,UUU
1. The following units of a particular commodity were available for sale during the period. Opening
inventory 40 units at 20.
First purchase 50 units at 21.
Second purchase 50 at 22.
Third purchase 50 units at 23.
What is the unit cost of 35 units on hand at the end of the period as determined under the
periodic inventory system by the FIFO costing method?
(a) 20
(b) 21
(c) 22
(d) 23​

Answer 1

Answer:

(d) 23

Explanation:

please mark me brilliance