2 3 LaPlante Inc. Analysis of Inventory 5 January Purchase and Sale Activity 5 Valuing Ending Inventory 7 Periodic Inventory 8 FIFO Method 9 LO 11 L2 3456 ENE Exercise 6.1 15 16 17 18 19 20 21 22 23 Date Transaction Type Opening Inventory 1-Jan 7-Jan Purchase 9-Jan Sale 21-Jan 24-Jan Sale Purchase Units Unit Cost 100 $ 10 $ 80 20 $ 40 3 What is the FIFO value of total Ending Inventory? 1 2 3 1 How many units remain in ending inventory? 2 What is the FIFO Unit Price(s) to be used in valuing Ending Inventory?

2 What is the FIFO Unit Price(s) to be used in valuing Ending Inventory? 3 What is the FIFO value of total Ending Inventory