Compute the ending inventory for bush trading inc

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Reference no: EM132990201

Bush Trading Inc. has the following information on its Inventory for the year 2017:

Beginning Inventory: 350 units at $30 per unit

Purchases during the year:

March 600 units at $31 per unit

August 200 32

September 300 34

Total Sales for the year: 1,035 units at $40 per unit

Required:

Problem a. Compute the Ending Inventory under the First-in, First-out (FIFO) Method.

Problem b. Compute the Gross Profit for 2017

Reference no: EM132990201

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