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The following data is available for Party Inc .: Inventory at the beginning: 100 units...

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Accounting

The following data is available for Party Inc .:

Inventory at the beginning: 100 units at 16 SEK. per unit; Purchase: 400 units at 20 SEK. per unit; Turnover: 450 units of 35 SEK. per unit.

Income statement for Particular Inc. shown costs of goods sold for SEK 8,800

What valuation method does Party Inc. use? to their inventory?

A. Weighted average cost B. FIFO C. LIFO D. Specific cost identification

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