Reference no: EM132515282
Question - Stallworth Corp. has the following information is available for the month of November:
Nov. 1 On hand, 50 units at $15 each $ 750.00
Nov. 5 Purchased, 115 units at $15.10 each 1,736.50
Nov. 16 Purchased, 75 units at $15.20 each 1,140.00
Nov. Total cost of goods available for sale $3,626.50
Nov. 30 On hand, 100 units
The company uses a periodic inventory system.
Refer to Stallworth Corp. If the company uses the FIFO inventory costing method, what amount will be assigned to the November 30 inventory?
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