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Compute the perpetual ending inventory balance on December

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Reference no: EM132615304

Question - Inventory data for Mason Concrete Products for the year ended December 31, 2021, are as follows:

Beginning inventory 50 units at $150 each

March 31 purchase 50 units at $155 each

Sales from January 1 to June 3 60 units

July 1 purchase 55 units at $160 each

Sales from July 1 to December 31 70 units

September 30 purchase 60 units at $170 each

Instructions - Compute the perpetual ending inventory balance on December 31, 2021, using FIFO.

Reference no: EM132615304

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