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Inventory records for Marvin Company revealed the following: Date Transaction Mar. 1 Beginning inventory Mar. 10 Purchase Mar. 16 Purchase Mar. 23 Purchase Number of

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Inventory records for Marvin Company revealed the following: Date Transaction Mar. 1 Beginning inventory Mar. 10 Purchase Mar. 16 Purchase Mar. 23 Purchase Number of Units 980 550 409 520 Unit Cost $7.15 7.65 8.25 8.95 Marvin sold 1,800 units of inventory during the month. Ending inventory assuming FIFO would be Multiple Choice $1,417. $7,007 $5,801 $6,132

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