During 2016, The Y, a nonprofit organization, bought and used
containers of pool chemicals as shown in the table below. Under
FIFO what was the Y’s pool-chemical expense for the fiscal year
2016?  The Y uses the Periodic method of inventory and
takes a count of the inventory on 12/31/16. Please show your work
in an Excel spreadsheet.

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Question: During 2016, The Y, a nonprofit organization, bought and usedcontainers of pool chemicals as sho...

Show transcribed image text Units Purchase Units Used Bought Price 50 $100 January 1 February 15 90 $80 120 Used Through June 30 90 $90 August 15 October 30 120 $80 160 Used through December 31 Total 280 350

Units Purchase Units Used Bought Price 50 $100 January 1 February 15 90 $80 120 Used Through June 30 90 $90 August 15 October 30 120 $80 160 Used through December 31 Total 280 350

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