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The following amounts and costs of platters were available for sale by Colorado Pottery during 2019: Beginning inventory 10 units at $164 First purchase 15
The following amounts and costs of platters were available for sale by Colorado Pottery during 2019:
Beginning inventory | 10 units at $164 |
First purchase | 15 units at $220 |
Second purchase | 30 units at $280 |
Third purchase | 25 units at $260 |
Colorado Pottery, which uses a periodic inventory system, has 35 platters on hand at the end of the year.
What is the dollar amount of inventory at the end of the year according to the last-in, first-out cost method?
Group of answer choices
a. $7,740
b. $ 7,440
c. $ 8,900
d. $9,300
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