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Nabesna Inc. began 2022 with 100 units of its one product. These units were purchased near the end of 2021 for $25 each. During the
Nabesna Inc. began 2022 with 100 units of its one product. These units were purchased near the end of 2021 for $25 each. During the month of January, 100 units were purchased on January 8 for $25 each and another 150 units were purchased on January 19 for $30 each. Sales of 125 units and 100 units were made on January 10 and January 25, respectively. Nabesna uses a periodic inventory system. Question Ending Inventory (January 31, 2022) using the FIFO approach would be $5,750 $6,375 $3,125 $3,750
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