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What's the best way to calculate ending inventory if using FIFO method?

User ShayanK
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1 Answer

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Answer:

According to-

Step-by-step explanation:

According to the FIFO method, the first units are sold first, and the calculation uses the newest units. So, the ending inventory would be 1,500 x 10 = 15,000, since $10 was the cost of the newest units purchased.

User Monkut
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