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During the past year, a plumbing supply house sold 503 faucets. Inventory records for the year are as follows: DATE QUANTITY COST TOTAL January 15
During the past year, a plumbing supply house sold 503 faucets. Inventory records for the year are as follows: DATE QUANTITY COST TOTAL January 15 Beginning 28 $11.25 $ 315 Inventory March 22 Purchase 74 12.50 925 April 24 Purchase 150 20.00 3,000 October 10 Purchase 250 12.50 3,125 December 31 Purchase 8.25 4,125 Total available 1,002 $11,490 for sale 31 500 Using the FIFO method of inventory pricing, calculate the dollar value of the ending inventory. Hint: Total units available for sale - The number of units sold = The number of units in ending inventory. a. $3,815.50 O b. $3,324.00 O c. $4,116.75 O d. $3,834.50
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