A Company Has Inventory of 15 Units at a Cost

question 105

Multiple Choice

A company has inventory of 15 units at a cost of $12 each on August 1. On August 5, they purchased 10 units at $13 per unit. On August 12, they purchased 20 units at $14 per unit. On August 15, they sold 30 units. Using the FIFO periodic inventory method, what is the value of the inventory at August 15 after the sale?

• A)$140
• B)$160
• C)$210
• D)$380
• E)$590

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