The freight-in charges for the merchandise were 7500. what, Ask an Expert

Accounting

Sherrie's Shoes uses the FIFO retail inventory method to determine its ending inventory. The accounting records for Sherrie's Shoes contained the following information:

The freight-in charges for the merchandise were $7,500. What is the cost of ending inventory for Sherrie's Shoes?

a) $49,280

b) 55,792

c) $57,200

d) $59,400

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M991124

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