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Bonita Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Per Units Unit Price
Bonita Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Per Units Unit Price Total Balance, 1/1/20 220 $4.00 $880 Purchase, 1/15/20 100 5.10 510 Purchase, 1/28/20 100 5.60 560 An end of the month (1/31/20) inventory showed that 160 units were on hand. If the company uses FIFO, what is the value of the ending inventory? O $858 O $880 O $866 $640
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