The following inventory was available for sale during the year for Mega Tools:

Mega has 25 units on hand at the end of the year. What is the dollar amount of inventory at the end of the year according to the first-in, first-out method?
A) $1,650
B) $2,975
C) $1,575
D) $1,950

Question

The following inventory was available for sale during the year for Mega Tools:
 
Mega has 25 units on hand at the end of the year. What is the dollar amount of inventory at the end of the year according to the first-in, first-out method?
A) $1,650 
B) $2,975 
C) $1,575 
D) $1,950

Quizplus · Accepted Answer

The Answer of The following inventory was available for sale during the year for Mega Tools:
 
Mega has 25 units on hand at the end of the year. What is the dollar amount of inventory at the end of the year according to the first-in, first-out method?
A) $1,650 
B) $2,975 
C) $1,575 
D) $1,950

The Following Inventory Was Available for Sale During the Year