McCarthy Company Has Inventory of 8 Units at a Cost

question 101

Multiple Choice

McCarthy Company has inventory of 8 units at a cost of $200 each on October 1.On October 2,it purchased 20 units at $205 each.11 units are sold on October 4.Using the FIFO perpetual inventory method,what is the value of inventory after the October 4 sale?

• A)$3,485.
• B)$3,445.
• C)$3,500.
• D)$3,472.
• E)$3,461.