Perch Company Reported the Following Purchases and Sales for Its

question 7

Multiple Choice

Perch Company reported the following purchases and sales for its only product. Perch uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO.

• A) $2,260
• B) $3,180
• C) $1,860
• D) $3,580
• E) $2,100

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