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Assume that Sparks uses a periodic FIFO inventory system. Its ending inventory consists of 9 units. Calculate the dollar value of its ending inventory. Jan.

Assume that Sparks uses a periodic FIFO inventory system. Its ending inventory consists of 9 units. Calculate the dollar value of its ending inventory.

Jan. 1

Beginning Inventory

10 @ $12

Jan. 5

Purchase

10 @ $15

Jan. 30

Purchase

10 @ $18

Feb. 8

Sale

21 units

Multiple choice question.

$162

$288

$90

$135

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