ver the course of a month, ABC co made 4 purchases. These are outlined in the table below. At the end of the month, ABC sold 150 units for $16 each. At the end of the month,, ABC sold 150 units for $16 each. Determine which inventory valuation method will result in the lowest value of inventory?

Purchases

QuantityPriceQty x PricePurchase 1100101,000Purchase 2200112,200Purchase 3100121,200Purchase 4300144,200

TOTAL700

8,600Sales

Quantity

Sale 1150

Using the above information, which inventory valuation method will result in the lowest value of inventory? Assume that the inventory balance before the first purchase was zero.

Select one:

a. FIFO

b. Average cost

c. None of the choices

d. LIFO