Solved: On august 15 it sold 30 units using the fifo periodic, Accounting Basics

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On august 15 it sold 30 units using the fifo periodic

Question - A company has inventory of 15 units at a cost of $12 each on August 1. On August 5, it purchased 10 units at $13 per unit. On August 12 it purchased 20 units at $14 per unit. On August 15, it sold 30 units. Using the FIFO periodic inventory method, what is the value of the inventory at August 15 after the sale?

A. $140.

B. $160.

C. $210.

D. $380.

E. $590.

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Accounting Basics: On august 15 it sold 30 units using the fifo periodic

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Accounting Basics: On august 15 it sold 30 units using the fifo periodic

Reference No:- TGS02893309

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