the data below are for Parrett Enterprises

beggining inventory 150 units at $2

purchase aug- 375 units at $1.50

purchase oct- 150 units at 3.00

a periodis inventory system is used: ending inventory 330 units. What is the inventory under FIFO

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Beginning inventory Purchase-August Purchase-October A periodic inventory syste inventory under FIFO? Do $570 b. $743 C. $593 d. $720 Double-counting an invent a. understated tax liabili b. overstated cost of goc overstated net incom derctatod borinnin