AAA Co.uses a periodic inventory system and has the following information in regard to its inventory:

There are 500 units in ending inventory.What is the amount of the ending inventory using the FIFO method?
A) $3,000
B) $7,200
C) $7,800
D) $8,900

Question

AAA Co.uses a periodic inventory system and has the following information in regard to its inventory:

There are 500 units in ending inventory.What is the amount of the ending inventory using the FIFO method?
A) $3,000 
B) $7,200 
C) $7,800 
D) $8,900

Quizplus · Accepted Answer

The Answer of AAA Co.uses a periodic inventory system and has the following information in regard to its inventory:

There are 500 units in ending inventory.What is the amount of the ending inventory using the FIFO method?
A) $3,000 
B) $7,200 
C) $7,800 
D) $8,900

AAA CoUses a Periodic Inventory System and Has the Following Information