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Rosen's Department store had 430 big-screen tv's in stock at the end of the year. Inventory records show the following information: Date Quantity Cost Total

Rosen's Department store had 430 big-screen tv's in stock at the end of the year. Inventory records show the following information:

Date Quantity Cost Total
Jan 1 Beginning Inventoy 350 $2,610 $913,500
July 8 Purchase 50 $2,400 $120,000
Aug 3 Purchase 150 $2,880 $432,000
Oct 15 Purchase 450 $3,210 $1,444,500
Nov 18 Purchase 50 $3,300 $165,00

Total available for sale Quantity $1,000 Total $3,075,000.

Using the FIFO method of inventory pricing, calculate the dollar value of the ending inventory.

a. $1,119,900

b. $1,419,000

c. $1,384,800

d. $1,122,300

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