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The following are data available for Blue Grass for the month of June: Sales 1,200 units Beginning inventory 300 units @ $4.00 600 units @

The following are data available for Blue Grass for the month of June:

Sales 1,200 units

Beginning inventory 300 units @ $4.00

600 units @ $4.20

400 units @ $4.40

500 units @ $4.50

1. The ending inventory under the FIFO cost flow assumption for Blue Grass was:

A. 2300

B. 2460

C. 2000

D. 2690

2. The ending inventory under the LIFO cost flow assumption for Blue Grass was:

A. 2690

B. 2400

C. 2460

D. 2550

3. The ending inventory under the Weighted Average cost flow assumption for Blue Grass was:

A.2757

B. 2367

C. 2677

D. 2577

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