A company's inventory records report the following:

Date	Activities	Units Acquired at Cost	Units Sold at Retail
August 1	Beginning inventory	15 units @ $48 = $720
August 5	Purchase	10 units @ $49 = $490
August 12	Purchase	20 units @ $50 = $1,000
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?

rev: 11_22_2021_QC_CS-282954

Multiple Choice

• $500

• $340

• $750

• $1,460

• $2,210