Merlin Inc. sells a single product and it had a beginning inventory of 4,000 units with a total cost of $36,000. In May, 2017, 5,500 units were purchased at $9.5 each. Using FIFO, what is the value of the ending inventory of 5,000 units?

Question 42 options:

	$48,500
	$36,000
	$40,750
	$47,500

Question 43 (2 points)

Bello Inc. sells a single product and it had a beginning inventory of 8,000 units with a total cost of $32,000. In January, 2017, 2,800 units were purchased at $5 each. Using FIFO, what is the value of the ending inventory of 800 units?

Question 43 options:

	$4,000
	$3,200
	$4,200
	$7,200