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A company had the following purchases during the current year: January: 10 units at $120 February: 20 units at $125 May: 15 units at $130

A company had the following purchases during the current year: January: 10 units at $120 February: 20 units at $125 May: 15 units at $130 September: 12 units at $135 November: 10 units at $140 On December 31, there were 26 units remaining in ending inventory. Using the FIFO inventory valuation method, what is the cost of the ending inventory? $3,540. $3,445 $3,280. $3,640. $3,200

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