Strods Company reported the following purchases and sales of its only product.Strods uses a periodic inventory system.Determine the cost assigned to the ending inventory using FIFO.
A)$2,980
B)$5,440
C)$2,460
D)$2,850
E)$2,590

Question

Strods Company reported the following purchases and sales of its only product.Strods uses a periodic inventory system.Determine the cost assigned to the ending inventory using FIFO. 
A)$2,980 
B)$5,440 
C)$2,460 
D)$2,850 
E)$2,590

Quizplus · Accepted Answer

The Answer of Strods Company reported the following purchases and sales of its only product.Strods uses a periodic inventory system.Determine the cost assigned to the ending inventory using FIFO. 
A)$2,980 
B)$5,440 
C)$2,460 
D)$2,850 
E)$2,590

Strods Company Reported the Following Purchases and Sales of Its