Dobler Company uses a periodic inventory system. Details for the inventory account for the month of January 2014 are as follows: An end of the month (1/31/2014) inventory showed that 160 units were on hand. If the company uses FIFO, what is the value of the ending inventory?
A) $880
B) $800
C) $868
D) $1,212

Question

Dobler Company uses a periodic inventory system. Details for the inventory account for the month of January 2014 are as follows:  An end of the month (1/31/2014) inventory showed that 160 units were on hand. If the company uses FIFO, what is the value of the ending inventory?
A) $880 
B) $800 
C) $868 
D) $1,212

Quizplus · Accepted Answer

The Answer of Dobler Company uses a periodic inventory system. Details for the inventory account for the month of January 2014 are as follows:  An end of the month (1/31/2014) inventory showed that 160 units were on hand. If the company uses FIFO, what is the value of the ending inventory?
A) $880 
B) $800 
C) $868 
D) $1,212

Dobler Company Uses a Periodic Inventory System