Indigo Football Shop began operations on January 2, 2017. The following stock record card for footballs was taken from the records at the end of the year. Date Voucher Terms Units Received Unit Invoice Cost Gross Invoice Amount 1/15 10624 Net 30 69 2023 Business Finance

2023 Indigo Football Shop began operations on January 2 2017 The following stock record card for footballs

Indigo Football Shop began operations on January 2, 2017. The following stock record card for footballs was taken from the records at the end of the year.

Date
 
Voucher
 
Terms
 
Units
Received
 
Unit Invoice
Cost
 
Gross Invoice
Amount
1/15   10624   Net 30     69     $29     $2,001  
3/15   11437   1/5, net 30     84     23     1,932  
6/20   21332   1/10, net 30     109     22     2,398  
9/12   27644   1/10, net 30     103     18     1,854  
11/24   31269   1/10, net 30     95     16     1,520  
    Totals         460           $9,705  

A physical inventory on December 31, 2017, reveals that 113 footballs were in stock. The bookkeeper informs you that all the discounts were taken. Assume that Indigo Football Shop uses the invoice price less discount for recording purchases.

 
 
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Compute the December 31, 2017, inventory using the FIFO method. (Round per unit and final answer to 2 decimal paces, e.g. 35.57.)

Ending Inventory using the FIFO method  
$

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