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Vaughnhas the following inventory data: Nov. 1 Inventory 31units @ $6.10each 8 Purchase 122units @ $6.60each 17 Purchase 61units @ $6.45each 25 Purchase 92units @
Vaughnhas the following inventory data:
Nov. 1
Inventory
31units @ $6.10each
8
Purchase
122units @ $6.60each
17
Purchase
61units @ $6.45each
25
Purchase
92units @ $6.70each
A physical count of merchandise inventory on November 30 reveals that there are102units on hand. Ending inventory under FIFO is
$658.
$1323.
$681.
$1346.
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