The following information relates to inventory for Shoeless Joe Inc. Date March 1 Beginning Inventory March 7 Purchase March 11 Sale March 12 Purchase Quantity Price 20 $2 15 3 25 7 20 4 At what amount would Shoeless report ending inventory using FIFO cost flow assumptions? Multiple Choice $55. $170. $110. Inventory records for Dunbar Incorporated revealed the following: Date Transaction Apr. 1 Beginning Inventory Apr.20 Purchase Number of Units 500 400 Unit Cost $2.40 2.50 Dunbar sold 700 units of inventory during the month. Ending Inventory assuming FIFO would be: Multiple Choice $500 $490 Inventory records for Dunbar Incorporated revealed the following: Date Transaction Apr. 1 Beginning Inventory Apr.20 Purchase Number: of Units 500 400 Unit Cost $2.40 2.50 Dunbar sold 700 units of Inventory during the month, Cost of goods sold assuming FIFO would be: Multiple Choice $1,730 $1.700 C100