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Multiple-Choice Exercise 6-6 Morgan Inc. has the following units and costs for the month of April: Units Purchased at Cost Units Sold at Retail Beginning

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Multiple-Choice Exercise 6-6 Morgan Inc. has the following units and costs for the month of April: Units Purchased at Cost Units Sold at Retail Beginning inventory, April 1 1,200 units at $25 Purchase 1, April 9 1,500 units at $28 Sale 1, April 12 2,400 units at $45 Purchase 2, April 22 1,000 units at $30 'If Morgan uses a perpetual inventory system, what is the cost of ending inventory under FIFO at April 30? Oa. $32,500 Ob. $38,400 Oc. $69,500 Od. $63,600

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