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The following units of an inventory item were available for sale during the year: Beginning inventory 9 units at $49 First purchase 18 units
The following units of an inventory item were available for sale during the year: Beginning inventory 9 units at $49 First purchase 18 units at $55 Second purchase 27 units at $57 Third purchase 14 units at $57 The firm uses the periodic inventory system. During the year, 43 units of the item were sold. The value of ending inventory using FIFO is Ca. $2,415 Ob. $1,425 Oc. $1,140 Od. $1,866
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