1. The KaChi AG produces potato chips in different flavors. The following table shows when and which quantities of potatoes the company purchased and used during March 2021. Beginning inventory Consumption Purchase Purchase Consumption Purchase Consumption Purchase Event €960 €1,090 €1,100 €1,180 Date 1.3. 5.3. 13.3. 17.3. 21.3. 25.3. 28.3. 30.3 Quantity [kg] 1,000 900 500 600 800 500 300 200 Price [€ per kg] 1.2 If the company uses the FIFO method, what is the value of the potatoes consumed on 21.03.? 1.6 1.3 1.4 1.3

1. The KaChi AG produces potato chips in different flavors. The following table shows when and which quantities of potatoes the company purchased and used during March 2021. Beginning inventory Consumption Purchase Purchase Consumption Purchase Consumption Purchase Event €960 €1,090 €1,100 €1,180 Date 1.3. 5.3. 13.3. 17.3. 21.3. 25.3. 28.3. 30.3 Quantity [kg] 1,000 900 500 600 800 500 300 200 Price [€ per kg] 1.2 If the company uses the FIFO method, what is the value of the potatoes consumed on 21.03.? 1.6 1.3 1.4 1.3

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance

Section: Chapter Questions

Problem 4.8P

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