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ABC Company's beginning inventory on January 1, 2019 consisted of 1,000 units costing $1.50 per unit. Purchases for the year ending December 31, 2019 were
ABC Company's beginning inventory on January 1, 2019 consisted of 1,000 units costing $1.50 per unit. Purchases for the year ending December 31, 2019 were as follows: Quantity Total Cost January 25 2,500 3,750 March 21 4,000 8,000 April 20 3,000 7,500 1,500 4,500 October 14 3,200 9,600 July 22 Sales during the period consisted of 8,200 units, made at a selling price of $4.25 per unit. Assuming the use of the first-in, first-out inventory costing method, the ending inventory would be: A. $ 17,350 B. $ 19,850 OC. $ 12,250 OD. $ 20,750 O E. $ 22,600
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