Castle tv inc purchased 1000 monitors on january 5 at a, Ask an Expert

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Castle TV, Inc. purchased 1,000 monitors on January 5 at a per-unit cost of $185, and another 1,000 units on January 31 at a per-unit cost of $230. In the period from February 1 through year-end, the company sold 1,800 units of this product. At year-end, 200 units remained in inventory. Assume that Castle TV, Inc. uses the FIFO flow assumption. The cost of the 200 units in inventory at year-end is?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9984852

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