Multiple Choice
Paris Merchandising Plc sells ladies skirts.The opening inventory consisted of 300 skirts with purchase price of €50 each.Subsequent purchases during the period include: 400 at €60 each and another 200 for €70 each.A total of 700 skirts were sold during the period.What is ending inventory using FIFO method?
A) €10 000
B) €11 800
C) €12 000
D) €14 000
Correct Answer:
Verified
Correct Answer:
Verified
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