The inventory records for Radford Co. reflected the following Determine the amount of ending inventory assuming the FIFO cost flow method.
A) $480
B) $440
C) $400
D) $940

Name: The inventory records for Radford Co. reflected the following Determine the amount of ending inventory assuming the FIFO cost flow method. A) $480 B) $440 C) $400 D) $940
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Question

The inventory records for Radford Co. reflected the following  Determine the amount of ending inventory assuming the FIFO cost flow method.
A) $480 
B) $440 
C) $400 
D) $940

Quizplus · Accepted Answer

1,000 units available for sale - 900 units sold = 100 units in ending inventory; 100 × $4.80 = $480

The Inventory Records for Radford Co