Compute the ending inventory value for each inventory item


Compute the ending inventory value for each inventory item for ABC Company:

Ending Inventory, 2013

Item                      Quantity              FIFO cost per unit            Market cost per unit

A                             20                                           $10                                         $ 8                       

B                             40                                           $ 8                                         $10

C                             50                                           $12                                         $ 8

 

D                             30                                           $ 6                                         $ 8

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Accounting Basics: Compute the ending inventory value for each inventory item
Reference No:- TGS01211097

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