Calculate the dollar value of the ending inventory

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Question: Walker Manufacturing had 517 hot tubs in stock at the end of the year. Inventory records show the following information:

DATE


QUANTITY

COST

TOTAL

January 1

Beginning Inventory

200

$6,307

$1,261,400

April 21

Purchase

350

5,194

1,817,900

July 24

Purchase

50

5,141

257,050

August 1

Purchase

50

5,512

275,600

December 8

Purchase

450

6,572

2,957,400

Total available for sale


1,100


$6,569,350

Using the FIFO method of inventory pricing, calculate the dollar value of the ending inventory.

Reference no: EM131763485

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