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Terwilliger Corp. had the following inventory purchase and sales data. Note: There was no inventory before the purchase made on February 1. Purchased on February
Terwilliger Corp. had the following inventory purchase and sales data.
Note: There was no inventory before the purchase made on February 1.
Purchased on February 1 100 units, $7 cost per unit
Purchased on February 16 200 units, $6 cost per unit
Purchased on February 25 250 units, $5 cost per unit
Sold on February 28 350 units, $9 selling price per unit
The company uses FIFO. Compute ENDING INVENTORY as of the end of February.
Group of answer choices
$1,300
$1,000
$2,005
$1,850
$2,150
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