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RJ Corporation has provided the following information about one of its inventory items: Date 1/1 6/6 9/10 11/15 Transaction Beginning Inventory Purchase Purchase Purchase Number
RJ Corporation has provided the following information about one of its inventory items: Date 1/1 6/6 9/10 11/15 Transaction Beginning Inventory Purchase Purchase Purchase Number of Units 405 805 1,205 805 Cost per Unit $3,250 $3,650 $4,050 $4,175 During the year, RJ sold 2,975 units. What was ending inventory using the FIFO cost flow assumption under a periodic inventory system? $1,091,475. $1,190,700. $1,022,875. $796,250
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