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Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases data for JuneJune are: LOADING... (Click

Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases data for

JuneJune

are:

LOADING...

(Click the icon to view the inventory and purchases data.)

Jun 1Beginning inventory2,500$11.00 $27,500

4 Purchase 1,800 $11.80 21,240

9 Sale(1,900)

If The CornerThe CornerFrame Shop uses the FIFO method, the cost of the ending inventory will be

A.$21,200

B.$20,900.

C.$21,240.

D.$27,840.

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