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The inventory records for Radford Company reflected the following: Beginning inventory @ May 1 First purchase a May 7 Second purchase @ May 17 Third
The inventory records for Radford Company reflected the following: Beginning inventory @ May 1 First purchase a May 7 Second purchase @ May 17 Third purchase @ May 23 Sales @ May 31 100 units @ $4.85 300 units @ $5.25 500 units @ $5.45 100 units @ $5.65 900 units @ $8.65 What is the amount of ending inventory assuming the FIFO cost flow method? Multiple Choice $565 O O $525 O O O O O $1,025 O $485 O
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