Business, 15.04.2020 04:30 Jacques1b

A company had the following purchases and sales during its first year of operations:
Purchases Sales
January: 10 units at $120 6 units
February: 20 units at $125 5 units
May: 15 units at $130 9 units
September: 12 units at $135 8 units
November: 10 units at $140 13 units

On December 31, there were 26 units remaining in ending inventory.
Using the periodic FIFO inventory costing method, what is the cost of the ending inventory?

a) $3,405. b) $3,270. c) $3,200. d) $3,364. e) $5,400.

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A company had the following purchases and sales during its first year of operations:
Purchase...