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Niles Company has the following data related to an item of inventory: Inventory, March 1 135 units @ $2.28 each Purchase, March 7 250 units
Niles Company has the following data related to an item of inventory:
Inventory, March 1 | 135 units @ $2.28 each |
Purchase, March 7 | 250 units @ $2.32 each |
Sale, March 28 | 160 units @ $4.00 each |
Purchase, March 29 | 70 units @ $2.50 each |
Using FIFO perpetual, what is the value of ending inventory?
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