Stokes Corp. (SC) is a retailer of office equipment. The company uses a periodic inventory system and on October 1 had 2,000 units

of inventory with a total cost of $40,000. Oct 10, SC purchased 1,000 units for $22,000. Oct 15, SC sold 2,600 units at $40 per unit.

What is the value of ending inventory as of Oct 15 sales if SC is using FIFO?

Stokes Corp. (S) is a retailer of office equipment. The company uses a periodic inventory system and on October 1 had 2,000 units of inventory with a total cost of $40,000. Oct 10, SC purchased 1,000 units for $22,000, Oct 15. SC sold 2.000 units at 540 per unit What is the value of ending inventory as of Oct 15 sales of SC is using FIFO? A) 8.000 B) 16.000 C 8.800 D 104,000