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Given the following inventory activity, what is ending inventory using the perpetual FIFO costing method? (Round any intermediary calculations to the nearest cent and your
Given the following inventory activity, what is ending inventory using the perpetual FIFO costing method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) Date Beginning Balance September 17 September 24 September 29 Quantity 130 45 80 30 Unit Cost $5.50 $3.00 Purchase Sale Purchases $4.00 O A. 125 units at $4.17 OB. 50 units @ $5.50 and 45 units @ $3.00 and 30 units @ $4.00 O C. 115 units @ $5.50 and 10 units @ $3.00 OD. 120 units @ $5.50 and 5 units @ $4.00
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