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The following information is available for Murphy Inc. Date Item Units Unit Cost Oct. 1 Beg. Bal. 80 $9.00 Oct. 6 Purchase 150 9.60 Oct.

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The following information is available for Murphy Inc. Date Item Units Unit Cost Oct. 1 Beg. Bal. 80 $9.00 Oct. 6 Purchase 150 9.60 Oct. 19 Purchase 200 10.00 Oct. 31 Ending Inventory 100 All sales are made on Oct. 28. Murphy Inc. uses the FIFO inventory method to value month-end inventory and applies a perpetual inventory system. What is Murphy's Ending Inventory (E.I.) recognized for the month of October? $1,000 $430 $912 $330

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