A firm that sells a single product had a beginning inventory of 4,000 units with a total cost of $28,000. Early in the year, 10,000 units were purchased at $9 each. Using FIFO, what is the value of the ending inventory of 3,000 units?

Ending inventory= $27,000

Explanation:

Giving the following information:

A firm that sells a single product had a beginning inventory of 4,000 units with a total cost of $28,000. Early in the year, 10,000 units were purchased at $9 each.

First, we need to calculate the unitary value of the beginning inventory:

Beginning inventory= 28,000/4,000= $7 per unit

FIFO (first-in, first-out)

The last units that are left have a value of $9 each.

Ending inventory= 3,000*9= $27,000

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )

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