Table 6-5
Assume the Following Data for Kruger Sales for November

question 131

Essay

Table 6-5
Assume the following data for Kruger Sales for November 2019: $\begin{array}{llcc} \text {Beginning inventory Nov. 1 } & 5 \text { units at } \$ 90 \text { each } \\ \text {Sale Nov. 3 } &3 \text { units at } \$ 120 \text { each } \\ \text {Nov. 6 purchase } &11 \text { units at } \$ 95 \text { each }\\ \text { Sale Nov. 8} &4 \text { units at } \$ 120 \text { each }\\ \text { Sale Nov. 9 } & 3 \text { units at } \$ 120 \text { each }\\\end{array}$
On November 30, a physical count reveals 6 units on hand.
-Refer to Table 6-5. Calculate ending inventory for Kruger Sales assuming the perpetual FIFO cost method is being used.

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Definitions:

Quick Action

Prompt response or decision-making in a timely manner.

Singles Night

Social events typically organized by bars, clubs, or other venues to cater to individuals who are single, facilitating opportunities for meeting potential romantic partners.

Variable

An element, feature, or factor that is likely to vary or change; it is a concept used in mathematical functions and statistical analysis.

Consumers

Individuals or groups who purchase goods and services for personal use.