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Gary uses a periodic inventory system and records the following information for the month of May: May 01, Inventory on hand, 10 units @ $2

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Gary uses a periodic inventory system and records the following information for the month of May: May 01, Inventory on hand, 10 units @ $2 each: May 19, Purchased 60 units @ $3 each: May 30, Inventory on hand, 30 units. If Grayson uses the FIFO method, how much is the Ending Inventory for May? Select one: A $80 B. $110 C. $120 D. $90

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