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Bonita Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $740 each. On January

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Bonita Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $740 each. On January 10, Bonita purchased 6 units at $810 each. The company sold 2 units on January 8 and 5 units on January 15. (a) X Your answer is incorrect. Compute the ending inventory under FIFO. The ending inventory FIFO 1,550

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