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Inventory records for a company revealed the following Date Transaction # of units Unit cost Mar. 1 Beginning inventory 1090 7.27 Mar. 10 purchase 540
Inventory records for a company revealed the following
Date | Transaction | # of units | Unit cost |
Mar. 1 | Beginning inventory | 1090 | 7.27 |
Mar. 10 | purchase | 540 | 7.77 |
Mar 16 | purchase | 389 | 8.37 |
Mar 23 | purchse | 510 | 9.07 |
The company sold 1890 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar.)
a. 3036
b. 7924
c. 1340
d. 5705
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