Use This Information to Answer the Following Question A Periodic Inventory System Is Used; Ending Inventory Is 147

question 81

Multiple Choice

Use this information to answer the following question. $\begin{array}{ll}\text { Beginning inventory } & 100 \text { units @ } \$ 8.00 \\\text { Purchase-Oct. } & 200 \text { units @ } \$ 6.00 \\\text { Purchase-Dec. } & 100 \text { units } \$ 12.00\end{array}$ A periodic inventory system is used; ending inventory is 147 units.
What is ending inventory under FIFO?

• A) $1,382
• B) $1,582
• C) $1,282
• D) $1,482

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