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A company had the following information regarding inventory # items cost per unit Beginning Balance 23 $10.00 232 Purchase: March 14 20 $10.50 210 Purchase:
A company had the following information regarding inventory
# items cost per unit
Beginning Balance 23 $10.00 232
Purchase: March 14 20 $10.50 210
Purchase: March 19 15 $11.00 165
Purchase: August 3 30 $11.50 345
Purchase: December 22 12 $12.50 150
If the ending inventory contained 25 items and the company uses FIFO, what is the value of ending inventory?
A. $251.00
B. $274.50
C. $299.50
D. $349.00
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