Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual...

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Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. De

business accounting

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Answer 1

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Answer #1

Units in ending inventory = Units available for sale - Units sold

= (310+300+180) - (220+170) = 400 units

Value of ending inventory under fifo

= (300-80)*18 + (180*19)

= 3960 + 3420

= 7380

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Answer 2

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