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The SOS corporation uses FIFO for its inventory accounting. It has an initial Inventory of 3,080 widgets on 12/31/2012 with a unit cost of $3.0
The SOS corporation uses FIFO for its inventory accounting. It has an initial Inventory of 3,080 widgets on 12/31/2012 with a unit cost of $3.0 (total cost of 9,240.0). The company bought 290 widgets with unit cost of $3.5 on 2/3/13. The company bought 190 with a unit cost of $3.5 on 6/6/2013. Finally, the company bought 760 widgets with a unit cost of $2.5 on 9/9/2013. During 2013 , the company sold 3.790 number of widgets. What is the balance in inventory on 12/31/2013? $1650 $1855 $1325 $1590 $2280
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