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The inventory records for Radford Company reflected the following: Saved Beginning inventory May 1 First purchase @ May 7 100 units @ $4.15 300 units
The inventory records for Radford Company reflected the following: Saved Beginning inventory May 1 First purchase @ May 7 100 units @ $4.15 300 units @ $4.55 Second purchase May 17 500 units @ $4.75 Third purchase May 23 100 units @ $4.95 Sales May 31 900 units @ $7.95 What is the amount of ending inventory assuming the FIFO cost flow method? Multiple Choice $455 $495
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