Inventory records for Dunbar Incorporated revealed the following:
$$\begin{array} { l l c r }
{ \text { Date } } & { \text { Transaction } } & \begin{array} { c }
\text { Number } \
\text { of Units }
\end{array} & \begin{array} { r }
\text { Unit } \
\text { Cost }
\end{array} \
\text { Apr. 1 } & \text { Beginning inventory } & 500 & \$ 2.40 \
\text { Apr. 20 } & \text { Purchase } & 400 & 2.50
\end{array}$$
Dunbar sold 700 units of inventory during the month.Ending inventory assuming FIFO would be:

Question

Inventory records for Dunbar Incorporated revealed the following:
$$\begin{array} { l l c r } 
{ \text { Date } } &  { \text { Transaction } } & \begin{array} { c } 
\text { Number } \
\text { of Units }
\end{array} & \begin{array} { r } 
\text { Unit } \
\text { Cost }
\end{array} \
\text { Apr. 1 } & \text { Beginning inventory } & 500 & \$ 2.40 \
\text { Apr. 20 } & \text { Purchase } & 400 & 2.50
\end{array}$$
Dunbar sold 700 units of inventory during the month.Ending inventory assuming FIFO would be:

Quizplus · Accepted Answer

The Answer is A

Inventory Records for Dunbar Incorporated Revealed the Following Dunbar Sold 700 Units of Inventory During the Month