Use this information to answer the following question. A periodic inventory system is used; ending inventory is 147 units.
What is ending inventory under FIFO?
A)$1,382
B)$1,582
C)$1,282
D)$1,482

Question

Use this information to answer the following question.  A periodic inventory system is used; ending inventory is 147 units.
What is ending inventory under FIFO?
A)$1,382 
B)$1,582 
C)$1,282 
D)$1,482

Quizplus · Accepted Answer

The Answer of Use this information to answer the following question.  A periodic inventory system is used; ending inventory is 147 units.
What is ending inventory under FIFO?
A)$1,382 
B)$1,582 
C)$1,282 
D)$1,482

Use This Information to Answer the Following Question