A Company Had the Following Purchases and Sales During Its

question 153

Multiple Choice

A company had the following purchases and sales during its first year of operations: On December 31,there were 26 units remaining in ending inventory.Using the Periodic FIFO inventory valuation method,what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)

• A)$3,405.
• B)$3,200.
• C)$3,445.
• D)$3,540.
• E)$3,270.

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