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A company has beginning inventory of 32 units at a cost of $12.00 each on October 1. On October 5, it purchases 22 units at
A company has beginning inventory of 32 units at a cost of $12.00 each on October 1. On October 5, it purchases 22 units at $13.00 per unit. On October 12 it purchases 32 units at $14.00 per unit. On October 15, it sells 66 units. Using the FIFO periodic inventory method, what is the value of the inventory at October 15 after the sale?
Multiple Choice $308.00 $240.00 $520.00 $588.00 $280.00
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