Use the following information to answer questions
Abalone Corp.uses a periodic inventory system.
A physical count of merchandise inventory on July 31 shows that 25 units are on hand.
-Under the FIFO cost method, ending inventory at July 31 was
A)$1,500.
B)$1,480.
C)$500.

Question

Use the following information to answer questions 
Abalone Corp.uses a periodic inventory system.
  A physical count of merchandise inventory on July 31 shows that 25 units are on hand.
-Under the FIFO cost method, ending inventory at July 31 was
A)$1,500. 
B)$1,480. 
C)$500.

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The Answer of Use the following information to answer questions 
Abalone Corp.uses a periodic inventory system.
  A physical count of merchandise inventory on July 31 shows that 25 units are on hand.
-Under the FIFO cost method, ending inventory at July 31 was
A)$1,500. 
B)$1,480. 
C)$500.

Use the Following Information to Answer Questions