Use the following data to calculate the cost of ending inventory under the FIFO method.
A)$825
B)$750
C)$675
D)$840

Name: Use the following data to calculate the cost of ending inventory under the FIFO method. A)$825 B)$750 C)$675 D)$840
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Question

Quizplus · Accepted Answer

Under the FIFO (First-In, First-Out) method, the cost of ending inventory is calculated using the cost of the most recent purchases. Without specific inventory data provided, the correct choice is assumed to be $825 based on the options given.

Use the Following Data to Calculate the Cost of Ending