Solution-What is the cost of the inventory on january

What is the cost of the inventory on january

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Reference no: EM132665907

Hender Company revealed the following inventory transactions:

Jan. 1 Beginning balance, 16,000 units @$140
Jan. 5 Purchased 4,000 units @$150
Jan. 10 Issued 15,000 units to production
Jan. 15 Purchased 20,000 units @$160
Jan. 16 Returned 1,000 units to supplier from January 15 purchase
Jan. 25 Issued 8,000 units to production
Jan. 26 Production returned 4,000 units to storeroom from the January 25 issue
Jan. 31 Purchased 30,000 units @$150

Problem 1: What is the cost of the inventory on January 31 using FIFO method?

Reference no: EM132665907

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What is the cost of the inventory on january

Reference no: EM132665907

Reference no: EM132665907

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