The company "Inversiones Aguilar S.A." receives the load of raw material for its inventory during the month of November 2019, however, the loads have not been ordered and also do not have a method of defined inventories. You are asked to order the loads, and also to do so through the PEPS and LIFO method. The total load of raw material has been 350,000 units, loads equal to 70,000 have entered on days 02, 04, 12, 18 and 23. These loads have entered for $65, $70, $70, $68, and $75 respectively. The days 03, 07, 15, 22 and 27 raw material for production of 70,000, 11,000, 89,000, 25,000 and 40,000 units respectively. * 1. What is the inventory balance as of November 27, 2019?
The company "Inversiones Aguilar S.A." receives the load of raw material for its inventory during the month of November 2019, however, the loads have not been ordered and also do not have a method of defined inventories. You are asked to order the loads, and also to do so through the PEPS and LIFO method. The total load of raw material has been 350,000 units, loads equal to 70,000 have entered on days 02, 04, 12, 18 and 23. These loads have entered for $65, $70, $70, $68, and $75 respectively.
The days 03, 07, 15, 22 and 27 raw material for production of 70,000, 11,000, 89,000, 25,000 and 40,000 units respectively.
* 1. What is the inventory balance as of November 27, 2019?
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