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The following information is available from Gamma Corp. regarding the inventory of its best-selling mesh router: Date Transaction Number of Units Cost per Unit 1/1
The following information is available from Gamma Corp. regarding the inventory of its best-selling mesh router:
Date | Transaction | Number of Units | Cost per Unit | ||
1/1 | Beginning Inventory | 290 | $ | 990 |
|
4/5 | Purchase | 390 | $ | 1,090 |
|
7/12 | Purchase | 490 | $ | 1,190 |
|
11/3 | Purchase | 295 | $ | 1,240 |
|
|
Gamma sold 1,225 mesh routers during the year.
What was ending inventory under the FIFO cost flow assumption?
Multiple Choice
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$237,600.
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$297,600.
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$257,600.
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$297,100.
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