ssessment-player/index.html?launchld=5782f709-b382-42ec-a1b1-e6edeb5c5b46#/question/0 ebPrint Room Booking Poster Printing Question 1 of 9 View Policies Current Attempt in Progress Date May 1 May 10 May 18 ABC Corporation uses the periodic inventory system to record its inventory. The following information was available for the month of May: Explanation Purchases 3D Printing Request Beginning Inventory Purchases Total > O $16,000 O $72,000 O $40,000 O $32,000 Save for Later Units 8,000 $4 12,000 $6 5,000 Unit Cost 25,000 $8 Total Cost $32,000 72,000 40,000 -/2.5 = $144,000 A total of 23,000 units were sold during the period. Assuming the use of the FIFO cost formula, what is the cost of the ending inventory? Attempts: 0 of 1 used Submit Answer

ABC Corporation uses the periodic inventory system to record its inventory. The following information was available for the month of May: A total of 23,000 units were sold during the period. Assuming the use of the FiFO cost formula, whit is the cost of the encing inventory? $16,000 $72,000 $40,000 $32,000