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A company's inventory records report the following: August 1 August 5 August 12 Beginning balance Purchase Purchase 31 units @ $21 26 units @ $20

A company's inventory records report the following: August 1 August 5 August 12 Beginning balance Purchase Purchase 31 units @ $21 26 units @ $20 30 units @ $21 On August 15, it sold 62 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? 0 $1,425 0 $1,302 0 $525 0 $2,175 0 $545

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