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TB MC Qu. 6-92 Inventory records for Marvin Company... Inventory records for Marvin Company revealed the following: Date Transaction Mar. 1 Beginning inventory Mar.10 Purchase
TB MC Qu. 6-92 Inventory records for Marvin Company... Inventory records for Marvin Company revealed the following: Date Transaction Mar. 1 Beginning inventory Mar.10 Purchase Mar.16 Purchase Mar.23 Purchase Number of Units 960 550 449 540 Unit Cost $7.28 7.78 8.38 9.08 Marvin sold 1,820 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice O $6.989. $1,999 O $1,475. Mar.16 Purchase Mar.23 Purchase 750 580 8.21 8.61 Marvin sold 1,880 units of inventory during the month. Cost of goods sold assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $16,318. $16.187 O $15,393 $14,268
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