Davenport Merchandising Company uses the FIFO periodic method of cost assignment. The following data are available: The value of the ending inventory will be:
A) $2400.
B) $4800.
C) $5866.
D) $6400.

Question

Davenport Merchandising Company uses the FIFO periodic method of cost assignment. The following data are available:  The value of the ending inventory will be:
A) $2400. 
B) $4800. 
C) $5866. 
D) $6400.

Quizplus · Accepted Answer

The Answer of Davenport Merchandising Company uses the FIFO periodic method of cost assignment. The following data are available:  The value of the ending inventory will be:
A) $2400. 
B) $4800. 
C) $5866. 
D) $6400.

Davenport Merchandising Company Uses the FIFO Periodic Method of Cost