A firm has beginning inventory of 300 units at a cost of $11 each.Production during the period was 650 units at $12 each.If sales were 700 units,what is the value of the ending inventory using FIFO?
A) $2,750
B) $3,000
C) $3,300
D) $2,550

Name: A firm has beginning inventory of 300 units at a cost of $11 each.Production during the period was 650 units at $12 each.If sales were 700 units,what is the value of the ending inventory using FIFO? A) $2,750 B) $3,000 C) $3,300 D) $2,550
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Question

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The Answer is B

A Firm Has Beginning Inventory of 300 Units at a Cost