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Use this information to answer the following question Jan 15 units @ 1 Inventory $4.00 60 units@ 8 Purchase $4.40 30 units@ 17 Purchase $4.20

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Use this information to answer the following question Jan 15 units @ 1 Inventory $4.00 60 units@ 8 Purchase $4.40 30 units@ 17 Purchase $4.20 45 units@ 25 Purchase $4.80 100 units Total sales Assuming that a periodic inventory system is used, what is the cost assigned to ending inventory under FIFO? Select one: a. $452 b. $429 c. $214 d. $237

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