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The inventory records for Radford Company reflected the following: Beginning inventory @ May 1 First purchase @ May 7 Second purchase @ May 17 Third

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The inventory records for Radford Company reflected the following: Beginning inventory @ May 1 First purchase @ May 7 Second purchase @ May 17 Third purchase @ May 23 Sales @ May 31 100 units @ $4.55 300 units @ $4.95 500 units @ $5.15 100 units @ $5.35 900 units @ $8.35 35 What is the amount of ending inventory assuming the FIFO cost flow method? Multiple Choice $455 $495 $995 $535

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