## Related questions with answers

Question

**The Zonex Plumbing and Supply Company purchased these quantities of water heaters from April 1 to June 30: April 28, 41 @ $146; May 19, 53 @$139; June 23, 21 @ $149. The April 1 beginning inventory of 27 units was valued at$141 each. Find the value of the ending inventory of 35 water heaters:**

Solution

VerifiedStep 1

1 of 2$21\times \$149+14\times \$139=\$5,075$

The first in first out method uses the price of the last heaters to have been bought.

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