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Accounting

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QUESTION 8 Not yet answered Marked out of 1.00 Flag question Bambi and Thumper Company uses a perpetual inventory system. Details for the inventory account for the month of November 2018 are as follows Units 200 100 100 Per unit price Balance, 11/1/2018 Purchase, 11/15/2018 Purchase, 11/28/2018 $5.00 5.30 5.50 Iotal $1,000 530 550 An end of the month (11/30/2018) inventory showed that 120 units were on hand. If the company uses FIFO, what is the value of the ending inventory? Select one: Fi a. $520 O b. $600 O c. $656 O d. $1,424 Tir Next page Save Answers Previous page

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