Marigold Sports began operations on January 2, 2025. The following stock record card for footballs...
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Marigold Sports began operations on January 2, 2025. The following stock record card for footballs was taken from the records at the end of the year. A physical imventory on December 31,2025, revesls that 111 footballk were in stock. The bookkeeper informs you that all the discounts were taken. Assume that Marigold Sports uses the invoice price less discount for recording purchases. A physical inventory on December 31, 2025, reveals that 111 footballs were in stock. The bookkeeper informs you that all the discounts were taken. Assume that Marigold Sports uses the invoice price less discount for recording purchases. (a) Compute the December 31, 2025, imentory using the FIFO method, (Round per unit ond final answer to 2 decimal paces, es. 35.57) Ending imventory using the FIFO method
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