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AA Co. uses a periodic inventory system and has the following information in regard to its inventory: Beginning inventory 300 units @ 20 $ 6,000
AA Co. uses a periodic inventory system and has the following information in regard to its inventory: Beginning inventory 300 units @ 20 $ 6,000 Purchase on January 25 400 units @ 21 8,400 Purchase on March 15 300 units @ 22 6,600 Purchase on October 2 500 units @ 23 11,500 Goods available for sale $ 32,500 There are 700 units in ending inventory. What is the amount of the ending inventory using the FIFO method? Multiple Choice $6,000 $11,500 $14,400 $15,900
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