Exercise 6.1 LaPlante Inc. Analysis of Inventory January Purchase and Sale Activity Valuing Ending Inventory Periodic Inventory FIFO Method

Exercise 6.1 LaPlante Inc. Analysis of Inventory January Purchase and Sale Activity Valuing Ending Inventory Periodic Inventory FIFO Method Date I-Jan 7-Jan 9-Jan 21-Jan 24-Jan Transaction Type Opening Inventory Purchase Sale Purchase Sale Units 100 10 80 20 40 Unit Cost 1 2 1 3 3 1 How many units remain in ending inventory? 2 What is the FIFO Unit Price(s) to be used in valuing Ending Inventory? 3 What is the FIFO value of total Ending Inventory?