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A companys inventory records report the following: August 1 Beginning balance 23 units @ $13 August 5 Purchase 18 units @ $12 August 12 Purchase

A companys inventory records report the following: August 1 Beginning balance 23 units @ $13 August 5 Purchase 18 units @ $12 August 12 Purchase 22 units @ $13 On August 15, it sold 46 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? Multiple Choice $598 $1,071 $241 $697 $221

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