Effie Company Uses a Periodic Inventory System

question 86

Multiple Choice

Effie Company uses a periodic inventory system.Details for the inventory account for the month of January 2022 are as follows: An end of the month (1/31/22) inventory showed that 160 units were on hand.If the company uses FIFO, what is the value of the ending inventory?

• A)$800
• B)$832
• C)$848
• D)$868

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