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Exam Code: DAS-C01
Exam Name: AWS Certified Data Analytics - Specialty (DAS-C01) Exam
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NEW QUESTION: 1
The ending inventory balance under the first-in, first-out-FIFO) method of inventory valuation is:
A. US $3,230 D US $3.430
B. US $3,150
C. US $3,050
Under the FIFO method, the 1.700 units of ending inventory are valued at the most recent prices. Ending inventory is assumed to include 1.000 units purchased November 24. 500 units purchased May 5. and 700 units purchased January 12. Hence, the ending inventory is US $3.150 [(1 .000 x $1 65) +500 $2.21') +700 x $2.00)].
The entity had no opening inventory.
The Items sold on March 15 were purchased on January 12.
The items sold on July 3 war purchased on May 5
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