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Units Unit Cost Total Cost May 1, inventory 140 $2.50 $ 350 Purchases May 5 200 3.50 700 May 10 140 4.50 630 May 15

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Units Unit Cost Total Cost May 1, inventory 140 $2.50 $ 350 Purchases May 5 200 3.50 700 May 10 140 4.50 630 May 15 160 5.50 880 Sales May 11 250 May 19 150 Required: Determine the ending inventory value with FIFO method

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