Carter Electric is a wholesaler for commercial builders. The company uses a perp

Question

Carter Electric is a wholesaler for commercial builders. The company uses a perpetual inventory system and a FIFO cost-ow assumption. The data conceming a particular product for the year 20X8 follows )cick the icon to-the data) Requirement the ending inventory balance in units and dollars 1. Caloulate Requirement 1. Calculabe the ending inventory balance in units and dollars Start by completing the table below to calculate the ending inventory balance in unts Units Units available for sale Less Units in ending inventory

Explanation / Answer

Calculate ending inventory :

Ending inventory cost :

Beginning inventory unit 95 Add: Purchase units 335 Units available for sale 430 Less: Units sales (260) Ending inventory units 170

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