Diligent Ltd Had 5 Units of the Commodity Algo on Hand

question 4

Multiple Choice

Diligent Ltd had 5 units of the commodity Algo on hand at 1 September 2016.The following purchases and sales were made during September:
-What was the value of ending inventory of Algo,using the FIFO assumption?

• A) $1460
• B) $1480
• C) $2400
• D) $1400

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