Pop-up Party Favors Inc.has the following inventory data: A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand.Using the FIFO inventory method, the amount allocated to ending inventory for July is
A)$930.
B)$990.
C)$960.
D)$1,056.

Question

Pop-up Party Favors Inc.has the following inventory data:  A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand.Using the FIFO inventory method, the amount allocated to ending inventory for July is
A)$930. 
B)$990. 
C)$960. 
D)$1,056.

Quizplus · Accepted Answer

The Answer of Pop-up Party Favors Inc.has the following inventory data:  A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand.Using the FIFO inventory method, the amount allocated to ending inventory for July is
A)$930. 
B)$990. 
C)$960. 
D)$1,056.

Pop-Up Party Favors Inc