Given the Following Data, What Is the Value of Ending

question 107

Multiple Choice

Given the following data, what is the value of ending inventory if the FIFO periodic method is used? $\begin{array} { | l | l | } \hline \text { Sales revenue } & 200 \text { units at } \$ 20 \text { per unit } \\\hline \text { Beginning inventory } & 60 \text { units at } \$ 12 \text { per unit } \\\hline \text { Purchases } & 210 \text { units at } \$ 13 \text { per unit } \\\hline\end{array}$

• A)$1,400
• B)$840
• C)$910
• D)$1,600

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