What would be samson companys inventory amount

Assignment Help Accounting Basics

Reference no: EM131973991

Problem

Samson Company had the following balances and transactions during 2015. (Please provide and explanation)

January 1 Beginning inventory: 20 units at $70 each

March 10 Purchased 10 units at $80 each

June 10 Sold 23 units for $100 each

What would Samson Company's inventory amount be on December 31, 2015 if the FIFO method was used?

Reference no: EM131973991

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