What is ending inventory as per fifo, Finance Basics

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What is ending inventory as per fifo

M/S RB purchased 5 boxes at a cost of $5,000. In June, 2013, it purchased 3 boxes a total cost of $6,000. In October, 2013, it bought 2 boxes at a cost of $1,000. It sold 6 boxes in December, 2013. What is ending inventory as per FIFO ?

a. $12,000 .
b. $5,000 .
c. $7,000 .
d. $5,400 .

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Finance Basics: What is ending inventory as per fifo

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Finance Basics: What is ending inventory as per fifo

Reference No:- TGS0518928

Recent Questions Asked Finance Basics

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