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What will be the cost of ending inventory

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Question - Leading Edge Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases data for June follow:

 

Units

Unit Coat

Total Cost

June 1 beginning inventory

2,300

$16.00

$36,800

4 Purchase

1,300

$16.50

$21,450

9 Sale

(1,400)

 

 

If Leading Edge uses the FIFO method, what will be the cost of ending inventory?

Reference no: EM132067046

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What will be the cost of ending inventory : Leading Edge Frame Shop wants to know the effect of different inventory costing methods on its financial statements. What will be the cost of ending inventory
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