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 e. None of the options listed Question 168 Inventory of product Yat 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