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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 1,050 520
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 1,050 520 399 540 Unit Cost $7.23 7.73 8.33 9.03 Marvin sold 1,840 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 amount.) $5,951. $7,591 $2,082. $1,345
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