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Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 1,000 $7.20 Mar. 10 Purchase 600

Inventory records for Marvin Company revealed the following:

Date Transaction Number of Units Unit Cost
Mar. 1 Beginning inventory 1,000 $7.20
Mar. 10 Purchase 600 7.25
Mar. 16 Purchase 800 7.30
Mar. 23 Purchase 600 7.35

Marvin sold 2,300 units of inventory during the month. Ending inventory assuming FIFO would be:

$5,140.

$5,080.

$5,060.

$5,050.

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