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Trigger Co makes the following purchases in the year ending 31 December X5: Units $/unit Total 04.01.X5 300 2.30 690 23.03.X5 425 2.20 935 16.05.X5
Trigger Co makes the following purchases in the year ending 31 December X5:
| Units | $/unit | Total |
04.01.X5 | 300 | 2.30 | 690 |
|
|
|
|
23.03.X5 | 425 | 2.20 | 935 |
16.05.X5 | 750 | 2.10 | 1,575 |
02.09.X5 | 200 | 2.50 | 500 |
24.11.X5 | 150 | 2.20 | 330 |
At the year-end, there are 500 units in inventory. On closer inspection however, 30 units have been damaged and are only worth $ 1 per unit. Trigger Co bought these units as part of the 02.09.X5 delivery. Trigger Co uses the FIFO system for valuing inventory. The figure for inventories at 31.12.X5 is?
Group of answer choices
$1,100
$1,300
$1,145
$845
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