Mathematics, 12.03.2020 00:16 spyderpunch69

A company had beginning inventory of 200 units costing $5. During the year they made the following purchases: April 20, 300 units of $6 each; June 14, 250 units at $7 each; August 12, 200 units at $8 each:; and November 15, 50 units at $9 each. There were 260 units remaining in inventory at the end of the year. What was the value of the ending inventory, assuming FIFO?

A) 1360.00
B) 2120.00
C) 2210.00
D) 1630.00

Answers: 1

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