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A companys inventory records report the following: August 1 Beginning balance 16 units @ $6 August 5 Purchase 11 units @ $5 August 12 Purchase
A companys inventory records report the following:
| August 1 | Beginning balance | 16 units @ $6 |
| August 5 | Purchase | 11 units @ $5 |
| August 12 | Purchase | 15 units @ $6 |
On August 15, it sold 32 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?
Multiple Choice
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$80
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$420
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$192
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$60
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$270
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