Question 36 The inventory of product Y at January 1 consisted of 15,000 units valued at a cost of $112,500. Purchases during the year were: (Mar 5) 20,500 units @\$7.75 per unit =\$158,875 (May 12)33,000 units@\$8.00 per unit =$264,000 (Sep 15) 23,000 units@\$8.30 per unit =$190,900 (Nov 28)8,500 units@\$8.44 per unit=\$71,740 On December 31, there were 30,000 units on hand. Compute the December 31 inventory using the first-in, first-out method. a. $250,190 b. $228,750 c. $235,150 d. $246,370 Question 168 Inventory of product Y at January 1 consisted of 15000 units valued at a cost of $1125000. purchases during the year were March 20500 units at 7.74 per unit $158875 November 288500 units at 8.44 per unit =$71740 Compute the December 31 inventory, using the last in, first out method a. 250190 b. 228750 c. 234875 d. 225550 e. none of the above Question 36 The inventory of product Y at January 1 consisted of 15,000 units valued at a cost of $112,500. Purchases during the year were: (Mar 5) 20,500 units @\$7.75 per unit =\$158,875 (May 12)33,000 units@\$8.00 per unit =$264,000 (Sep 15) 23,000 units@\$8.30 per unit =$190,900 (Nov 28)8,500 units@\$8.44 per unit=\$71,740 On December 31, there were 30,000 units on hand. Compute the December 31 inventory using the first-in, first-out method. a. $250,190 b. $228,750 c. $235,150 d. $246,370 Question 168 Inventory of product Y at January 1 consisted of 15000 units valued at a cost of $1125000. purchases during the year were March 20500 units at 7.74 per unit $158875 November 288500 units at 8.44 per unit =$71740 Compute the December 31 inventory, using the last in, first out method a. 250190 b. 228750 c. 234875 d. 225550 e. none of the above