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RJ Corporation has provided the following information about one of its inventory items: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 409
RJ Corporation has provided the following information about one of its inventory items: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 409 $3,290 6/6 Purchase 809 $3,690 9/10 Purchase 1,209 $4,090 11/15 Purchase 809 $4,155 During the year, RJ sold 2,955 units. What was ending inventory using the FIFO cost flow assumption under a periodic inventory system? $1,379,148. $1,167,555. $1,264,219. $924,490.
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