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January 1 inventory balance March 2 purchase July 8 purchase November 15 purchase 100 units at $10 per unit 50 units at $11 per unit
January 1 inventory balance March 2 purchase July 8 purchase November 15 purchase 100 units at $10 per unit 50 units at $11 per unit 80 units at $10 per unit 30 units at $12 per unit On December 31, a physical count reveals 80 units in ending inventory. 15) Referring to Table 6-2, the cost of ending inventory using the periodic FIFO method would be: A) $1,910. B) $860. C) $800. D) $850
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