Business, 08.04.2020 01:49, MaKynsi

The following costs pertain to Pete Co.’s purchase of inventory in year 4, Pete Co.’s first year of operations: 1200 units of product X 12,500 Insurance cost during transit of purchased goods 200 Freight-in 350 Cost of labor to bring product X to saleable condition 3,200 Total 16,250 None of the inventory was sold during year 4. What will be the ending balance in Pete Co.’s inventory?

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The following costs pertain to Pete Co.’s purchase of inventory in year 4, Pete Co.’s first year of...