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Tanvir & Sons maintains perpetual inventory system using FIFO method and provided you following data. Dec 1 Inventory 30 unit @ $30 Dec 4 Purchase

Tanvir & Sons maintains perpetual inventory system using FIFO method and provided you following data.

Dec 1 Inventory

30 unit @ $30
Dec 4 Purchase 105 units @ $33
Dec 8 Sale 60 units
Dec 18 Purchases 120 units @ $36
Dec 22 Sale 105 units
Dec 24 Purchase 45 units @ $39

The value of ending inventory is:

  • A. $4,455
  • B. $4,795
  • C. $4,995
  • D. $4,365
  • E. $4,680
  • F. $4,825
  • G. $4,635
  • H. $4,860

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