Narrative 16-1
Use the Information Below for the Following Problems

question 54

Short Answer

Narrative 16-1
Use the information below for the following problems:
The following is the inventory for the year for Better Products, Inc.:
$$\begin{array} { l l l l } \text { Date } & \text { Units } & \text { Cost per unit } & \text { Total Cost } \\\hline \text { Beginning inventory, Jan. 1 } & 50 & \$ 85.26 & 4,263 \\\text { Purchase, April 15 } & 200 & 92.50 & 18,500 \\\text { Purchase, September 20 } & 140 & 91.50 & 12,810 \\\text { Purchase, December 15 } & 30 & 98.60 & 2,958 \\\hline \text { Total Units Available } & 420 & & \$ 38,531\end{array}$$
-Refer to Narrative in your text 16-1 . When the manager of Better Products took physical inventory of his merchandise on December 31, it was found that 95 units were on hand. What is the dollar value of the ending inventory using FIFO?

---

Definitions:

Diastereomers

Stereoisomers characterized by having distinct physical properties and not being mirror reflections of one another.

(2R,4R)-2,4-dibromopentane

A chiral compound with a specific configuration, indicating the presence of bromine atoms on the second and fourth carbon of a five-carbon chain.

Fischer Projection

A method of drawing organic molecules by projecting a three-dimensional molecule onto a two-dimensional plane.

Diastereomers

Stereoisomers that are not mirror images of each other, having two or more stereocenters and differing in the configuration at one or more of these centers.