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A company has provided the following information about one of its big screen tv's: Date Transaction 1/1 Beginning Inventory 5/5 Purchase 8/10 Purchase 10/15 Purchase
A company has provided the following information about one of its big screen tv's: Date Transaction 1/1 Beginning Inventory 5/5 Purchase 8/10 Purchase 10/15 Purchase Number of Units 140 240 340 220 Cost per Unit $ 840 $ 940 $ 1,040 $ 1,090 During the year, the company sold 850 big screen tv's. What was ending inventory using the FIFO cost flow assumption? Multiple Choice $95,600. $98,100. O O $97,600. O $75,600
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