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(Solved) Sanfillipo, Inc., had 800 units of inventory on hand at March 1,


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Sanfillipo, Inc., had 800 units of inventory on hand at March 1, 2006, costing $20 each. Purchases and sales

 

of inventory during the month of March were as follows:

 

Date

 


 

Purchases

 


 

March 8

 


 

600 units

 


 

15

 


 

400 units @ $22 each

 


 

22

 


 

400 units @ $24 each

 


 

27

 


 

Sales

 


 

400 units

 


 

Sanfillipo uses the periodic inventory system. According to a physical count, 600 units were on hand at the

 

end of March.

 

The cost of inventory at the end of March applying the FIFO method is:

 


 

I need answer only please.

 


 

 


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Oct 15, 2019

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