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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 920

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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 920 520 421 540 Unit Cost $7.23 7.73 8.33 9.03 Marvin sold 1740 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.) Multiple Choice $6,652 $5.884 $7.25

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