1.

2.

A company purchased 300 units for $20 each on January 31. It purchased 330 units for $22 each on February 28. It sold a total of 450 units for $40 each from March 1 through December 31. What is the amount of ending inventory on December 31 if the company uses the first - in, first-out (FIFO) inventory costing method? (Assume that the company uses a perpetual inventory system.) O A. $2,700 OB. $3,600 OC. $900 OD. $3,960 A company purchased 200 units for $30 each on January 31. It purchased 300 units for $20 each on February 28. It sold a total of 350 units for $110 each from March 1 through December 31. If the company uses the last - in, first-out inventory costing method, calculate the amount of ending inventory on December 31. (Assume that the company uses a perpetual inventory system.) O A. $3,000 OB. $4,500 OC. $12,000 OD. $150