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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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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