A company has beginning inventory of 38 units at a cost of $12.00 each on October 1. On October 5, it purchases 25 units at $13.00 per unit. On October 12 it purchases 35 units at $14.00 per unit. On October 15, it sells 75 units. Using the FIFO periodic inventory method, what is the value of the inventory at October 15 after the sale?

Choice answers

• $598.00

• $322.00

• $672.00

• $350.00

• $276.00