Question 26 WAP Industries has the following inventory records in March # Units Price/Unit Beginning Inventory 100 $5.50 Purchases, Nov 10 225 $5.60 Purchases, Nov 15 200 $5.70 Purchases, Nov 28 175 $5.90 A physical count of merchandise inventory on March 31 reveals that there are 300 units on hand.

cost of inventory sold in march using fifo method