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Given the following data, calculate the cost of ending inventory using the FIFO method. 1/1 Beginning inventory 50 units at $10 per unit 3/5 Purchases

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Given the following data, calculate the cost of ending inventory using the FIFO method. 1/1 Beginning inventory 50 units at $10 per unit 3/5 Purchases 30 units at $14 per unit 5/30 Purchases 25 units at $15 per unit 10/25 Purchases 20 units at $16 per unit 12/31 Ending inventory 40 units a. $720 O b. $620 O c. $695 O d. $920

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