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AAA Company uses a periodic inventory system and has the following information regarding its inventory: Beginning inventory 400 units @ 17 $ 6,800 Purchase on
AAA Company uses a periodic inventory system and has the following information regarding its inventory: Beginning inventory 400 units @ 17 $ 6,800 Purchase on January 25 500 units @ 18 9,000 Purchase on March 15 400 units @ 19 7,600 Purchase on October 2 600 units @ 20 12,000 Goods available for sale $ 35,400 There are 850 units in ending inventory. What is the amount of the ending inventory using the FIFO method? Multiple Choice
Multiple Choice
$16,750
$6,800
$12,000
$15,800
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