A company has 30 units in ending inventory and uses the FIFO periodic inventory system. Beginning inventory = 100 units @ $10 cost per unit Purchase 1 = 40 units @ $12 cost per unit Purchase 2 = 20 units @ $14 cost per unit Compute ending inventory O $1,460 $300 $1,360 $400

A company has 30 units in ending inventory and uses the FIFO periodic inventory system. Beginning inventory =100 units @ $10 cost per unit Purchase 1=40 units @ \$12 cost per unit Purchase 2=20 units @ \$14 cost per unit Compute ending inventory $1,460 $300 $1,360 $400