Please help me with part b Remsen Company Inc. had a beginning inventory of 118
ID: 2379585 • Letter: P
Question
Please help me with part bRemsen Company Inc. had a beginning inventory of 118 units of Product MLN at a cost of $9 per unit. During the year, purchases were:
Feb. 20 708 @ $11 Aug. 12 472 @ $13 May 5 590 @ $12 Dec. 8 118 @ $14
Remsen Company uses a periodic inventory system. Sales totalled 1,770 units. Remsen Company Inc. had a beginning inventory of 118 units of Product MLN at a cost of $9 per unit. During the year, purchases were: Remsen Company uses a periodic inventory system. Sales totalled 1,770 units.
Explanation / Answer
$ $ $ fifo lifo average cost The ending inventory 3186 2360 2790 cogs 20532 21358 20928