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Practice Questions, Question 17 x Your answer is incorrect. Try again Teal Corporation uses the periodic inventory system to record its inventory. The following information
Practice Questions, Question 17 x Your answer is incorrect. Try again Teal Corporation uses the periodic inventory system to record its inventory. The following information was available for the month of November: Date Nov. 1 Nov. 8 Nov. 15 Nov. 22 Explanation Beginning inventory 6 S30 Units Unit Cost Total Cost 10 15 16 32 35 36 S 180 320 525 576 Purchase Purchase Total A total of 25 units were sold during the period Assuming the use of the first-in, first-out (FIFO) cost formula, what is the cost of the ending inventory? $786 $815 $852 $710
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