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Hybrid Company has the following inventory data for October: Oct. 1 Beginning inventory of 20 units at $19/unit for a total of $380 Oct. 8
Hybrid Company has the following inventory data for October: Oct. 1 Beginning inventory of 20 units at $19/unit for a total of $380 Oct. 8 Purchases of 70 units at $20/unit for a total of $1,400 Oct 18 Purchases of 10 units at $22/unit for a total of $220 A physical count of Hybrid's inventory at October 31 reveals that 32 units remain on hand at the end of the period. If Hybrid Company uses the FIFO cost flow assumption to record inventory, what amount of ending inventory will Hybrid record?
$1,340
$1,380
$620
$660
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