Shandy Shutters has the following inventory information. A physical count of merchandise inventory on November 30 reveals that there are 50 units on hand. Assume a periodic inventory system is used. Ending inventory under FIFO is
A) $438.
B) $846.
C) $421.
D) $863.

Question

Shandy Shutters has the following inventory information.  A physical count of merchandise inventory on November 30 reveals that there are 50 units on hand. Assume a periodic inventory system is used. Ending inventory under FIFO is
A) $438. 
B) $846. 
C) $421. 
D) $863.

Quizplus · Accepted Answer

The Answer of Shandy Shutters has the following inventory information.  A physical count of merchandise inventory on November 30 reveals that there are 50 units on hand. Assume a periodic inventory system is used. Ending inventory under FIFO is
A) $438. 
B) $846. 
C) $421. 
D) $863.

Shandy Shutters Has the Following Inventory Information