A company had the following purchases and sales during its first year of operations: On December 31,there were 26 units remaining in ending inventory.
-Using the periodic FIFO inventory costing method.What is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)
A)$3,405.
B)$3,200.
C)$3,445.
D)$3,540.
E)$3,270.

Question

A company had the following purchases and sales during its first year of operations:  On December 31,there were 26 units remaining in ending inventory.
-Using the periodic FIFO inventory costing method.What is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)
A)$3,405. 
B)$3,200. 
C)$3,445. 
D)$3,540. 
E)$3,270.

Quizplus · Accepted Answer

The Answer of A company had the following purchases and sales during its first year of operations:  On December 31,there were 26 units remaining in ending inventory.
-Using the periodic FIFO inventory costing method.What is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)
A)$3,405. 
B)$3,200. 
C)$3,445. 
D)$3,540. 
E)$3,270.

A Company Had the Following Purchases and Sales During Its