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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

  • $1,624.

  • $1,678.

  • $1,655.

  • $1,733.

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