The Beaches Company uses metal grates when assembling appliances.Information as to balances on hand,purchases,and requisitions of the grates is given in the following table. If a perpetual inventory record of the metal grates is maintained on a FIFO basis,the September 6 issue will consist of:
A)15 units @ $2.80,120 units @ $3.10 and 30 units @ $3.34.
B)75 units @ $2.80 and 90 units @ $3.10.
C)165 units @ $3.10.
D)75 units @ $3.10 and 90 units @ $3.34.

Question

The Beaches Company uses metal grates when assembling appliances.Information as to balances on hand,purchases,and requisitions of the grates is given in the following table.  If a perpetual inventory record of the metal grates is maintained on a FIFO basis,the September 6 issue will consist of:
A)15 units @ $2.80,120 units @ $3.10 and 30 units @ $3.34. 
B)75 units @ $2.80 and 90 units @ $3.10. 
C)165 units @ $3.10. 
D)75 units @ $3.10 and 90 units @ $3.34.

Quizplus · Accepted Answer

The Answer of The Beaches Company uses metal grates when assembling appliances.Information as to balances on hand,purchases,and requisitions of the grates is given in the following table.  If a perpetual inventory record of the metal grates is maintained on a FIFO basis,the September 6 issue will consist of:
A)15 units @ $2.80,120 units @ $3.10 and 30 units @ $3.34. 
B)75 units @ $2.80 and 90 units @ $3.10. 
C)165 units @ $3.10. 
D)75 units @ $3.10 and 90 units @ $3.34.

The Beaches Company Uses Metal Grates When Assembling Appliances