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The following information pertains to the Fan Companys inventory item B1008: March 1 Inventory Balance 400 units @ $ 3.10 5 Purchase 1,400 units @
The following information pertains to the Fan Companys inventory item B1008:
March | 1 | Inventory Balance | 400 | units | @ | $ | 3.10 | |
5 | Purchase | 1,400 | units | @ | $ | 3.20 | ||
14 | Purchase | 280 | units | @ | $ | 3.25 | ||
31 | Inventory Balance | 520 | units | |||||
In a periodic inventory system, the ending FIFO inventory is
Multiple Choice
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$1,624.
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$1,678.
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$1,655.
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$1,733.
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