Vaughn Company's inventory records show the following data: Inventory, January 1 Purchases: June 18 November 8 Units 11300 O $42665. O $45580. $56350. $42400. 8000 7000 Unit Cost $8.00 8.60 8.05 A physical inventory on December 31 shows 5300 units on hand. Under the FIFO method, the December 31 inventory is Under the FIFO method, the December 31 inventory is valued at

Vaughn Company's inventory records show the following data: A physical inventory on December 31 shows 5300 units on hand. Under the FIFO method, the December 31 inventory is Under the FIFO method, the December 31 inventory is valued at $42665 $45580 $56350 $42400