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Straight Edge Frame Shop wants to know the effect of different inventory costing methods on its financial statements. The company uses the periodic inventory system
Straight Edge Frame Shop wants to know the effect of different inventory costing methods on its financial statements. The company uses the periodic inventory system Inventory and purchases data for September follow. Units Unit Cost Total Cost 2,200 18.00 Sep 1 Beginning inventory 39,600 4 Purchase 1,900 18.90 35,910 9 Sale (2,000) If Straight Edge uses the FIFO method, the cost of the ending inventory will be O A. $36,000 O B. $35,910 O C. $39,510 O D. $36,300
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