A company's inventory records report the following:

Date	Activities	Units Acquired at Cost	Units Sold at Retail
August 1	Beginning inventory	15 units @ $46 = $690
August 5	Purchase	10 units @ $47 = $470
August 12	Purchase	20 units @ $48 = $960
August 15	Sales		30 units sold

Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?

Multiple Choice

• $480

• $330

• $720

• $1,400

• $2,120