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Purchases and sales during a recent period for Terps Company were: Beginning inventory was 100 units at $1 each. Purchases During the Period 1st Purchase
Purchases and sales during a recent period for Terps Company were: Beginning inventory was 100 units at $1 each. Purchases During the Period 1st Purchase 500 units @ $2 2nd Purchase 1,000 units @ $3 3rd Purchase 500 units @ $4 4th Purchase 500 units @ $5 2,500 units Sales During the Period 1st Sale 600 units @ $7 2nd Sale 750 units @ $8 3rd Sale 500 units @ $9 4th Sale 500 units @ $10 2,350 units Given this information, what is the ending inventory if the periodic FIFO costing alternative is used
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