A company has the following purchases and sales during October. Using the FIFO periodic inventory method, what is the value of the inventory on October 15 after the sale? Date Activities Units Acquired at Cost Units Sold at Retail October 1 Beginning inventory 15 units @ $12 = $180 October 5 Purchase 10 units @ $13 = $130 October 12 Purchase 20 units @ $14 = $280 October 15 Sales 30 units sold

Multiple Choice $140 $160 $210 $380 $590

A company has the following purchases and sales during October. Using the FIFO periodic inventory method, what is the value of the inventory on October 15 after the sale