What is the ending inventory balance at the end of the year using the FIFO method?
A) $1,685
B) $1,575
C) $1,805
D) $3,585

Name: What is the ending inventory balance at the end of the year using the FIFO method? A) $1,685 B) $1,575 C) $1,805 D) $3,585
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Question

What is the ending inventory balance at the end of the year using the FIFO method?  
A) $1,685
B) $1,575
C) $1,805
D) $3,585

Quizplus · Accepted Answer

Ending inventory using FIFO = 10 units at $68 from the second purchase + 15 units at $75 from the third purchase = $680 + $1,125 = $1,805

What Is the Ending Inventory Balance at the End of the Year