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Inventory records for a Company revealed the following: Number of Units Date Unit Cost Transaction 1Beginning Inventory 20Purchase 500 Apr. Apr. $ 2.40 400 2.50

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Inventory records for a Company revealed the following: Number of Units Date Unit Cost Transaction 1Beginning Inventory 20Purchase 500 Apr. Apr. $ 2.40 400 2.50 Company sold 700 units of inventory during the month. Ending inventory assuming FIFO would be: A) $500 B) $490. C) $470. D) $480 Select one: D B New Practice

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