College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN: 9781337280570
Author: Scott, Cathy J.
Publisher: South-Western College Pub
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Textbook Question
Chapter C, Problem 2P

Use the information presented in Problem C-1 to solve this problem.

Bean Nursery sells bark to its customers at retail. Bean buys bark from a plywood mill in bulk and transports the bark in its own trucks. Information relating to the beginning inventory and purchases of bark is as follows:

Chapter C, Problem 2P, Use the information presented in Problem C-1 to solve this problem.
Bean Nursery sells bark to its

Required

Find the cost of the ending inventory by the first-in, first-out method.

Check Figure

Cost of ending inventory, $562

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