Rosen's Department Store had 430 big-screen TVs in stock at the end of the year. Inventory records show the following information: Using the FIFO method of inventory pricing, calculate the dollar value of the ending inventory.
A) $1,119,900
B) $1,419,000
C) $1,384,800
D) $1,122,300

Question

Rosen's Department Store had 430 big-screen TVs in stock at the end of the year. Inventory records show the following information:  Using the FIFO method of inventory pricing, calculate the dollar value of the ending inventory.
A) $1,119,900 
B) $1,419,000 
C) $1,384,800 
D) $1,122,300

Quizplus · Accepted Answer

The Answer is C

Rosen's Department Store Had 430 Big-Screen TVs in Stock at the End