• Determine the ending inventory value for PepsiCo, Inc. using the FIFO method.
• Use the following data:
  • Beginning Inventory: 200 units at $8 each
  • Purchases:
    • 300 units at $9 each
    • 500 units at $12 each
  • Units Sold: 700 units

Question:

Using the given data, calculate the ending inventory value for PepsiCo, Inc. using the FIFO method. Show your calculations.