Use this inventory information for the month of September to answer the following question. Assuming that a perpetual inventory system is used, what is ending inventory on a FIFO basis?
A) $3,704
B) $7,696
C) More information is needed.
D) $3,664

Question

Use this inventory information for the month of September to answer the following question.  Assuming that a perpetual inventory system is used, what is ending inventory on a FIFO basis?
A) $3,704 
B) $7,696 
C) More information is needed. 
D) $3,664

Quizplus · Accepted Answer

The Answer of Use this inventory information for the month of September to answer the following question.  Assuming that a perpetual inventory system is used, what is ending inventory on a FIFO basis?
A) $3,704 
B) $7,696 
C) More information is needed. 
D) $3,664

Use This Inventory Information for the Month of September to Answer