Given the following inventory activity, what is ending inventory using the perpetual FIFO costing method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)
A)90 units at $4.75
B)80 units @ $6.50 and 10 units @ $4.75
C)45 units @ $6.50 and 30 units @ $3.00 and 15 units @ $4.75
D)85 units @ $6.50 and 5 units @ $3.00

Question

Given the following inventory activity, what is ending inventory using the perpetual FIFO costing method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) 
A)90 units at $4.75 
B)80 units @ $6.50 and 10 units @ $4.75 
C)45 units @ $6.50 and 30 units @ $3.00 and 15 units @ $4.75 
D)85 units @ $6.50 and 5 units @ $3.00

Quizplus · Accepted Answer

The Answer of Given the following inventory activity, what is ending inventory using the perpetual FIFO costing method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) 
A)90 units at $4.75 
B)80 units @ $6.50 and 10 units @ $4.75 
C)45 units @ $6.50 and 30 units @ $3.00 and 15 units @ $4.75 
D)85 units @ $6.50 and 5 units @ $3.00

Given the Following Inventory Activity, What Is Ending Inventory Using