my answer was 4,140 but it's incorrect. please help to find amount for ending inventory...

70.2K

Verified Solution

Question

Accounting

my answer was 4,140 but it's incorrect. please help to find amount for ending inventory under specific identification.
image
Flounder Corporation began operations on December 1, 2022. The only inventory transaction in 2022 was the purchase of inventory on December 10,2022 , at a cost of $20 per unit None of this inventory was sold in 2022 . Relevant information for fiscal 2023 is as follows Ending inventory units: During 2023, the following purchases and sales were made: The company uses the periodic inventory method (a1) Determine ending inventoryunder specific identification Ending inventory

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students