Goodman Company's inventory records show the following data: A physical inventory on December 31 shows 6,000 units on hand. Under the FIFO method, the December 31 inventory is
A) $42,000.
B) $49,200.
C) $49,392.
D) $54,000.

Question

Goodman Company's inventory records show the following data:  A physical inventory on December 31 shows 6,000 units on hand. Under the FIFO method, the December 31 inventory is
A) $42,000. 
B) $49,200. 
C) $49,392. 
D) $54,000.

Quizplus · Accepted Answer

The Answer of Goodman Company's inventory records show the following data:  A physical inventory on December 31 shows 6,000 units on hand. Under the FIFO method, the December 31 inventory is
A) $42,000. 
B) $49,200. 
C) $49,392. 
D) $54,000.

Goodman Company's Inventory Records Show the Following Data: a Physical