ABC Corporation has the following inventory information for March, 2019. On March 31, ABC has...
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ABC Corporation has the following inventory information for March, 2019. On March 31, ABC has 2,800 units in ending inventory. Using the periodic FIFO (first-In, first-out) method, what is the value of ending Inventory on March 317 Units $ Unit cost $ Total Cost Beg. Inv. 10.50 2,500 26,250 Purchase 1 3,200 10.75 34.400 Purchase 2 11.00 2,700 29,700 Purchase 3 11.25 2,000 22,500 Total 10,400 112,850 a. $31,300 b. $29,475 O c. $29,400 d. $31.500
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