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

Question

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

Quizplus · Accepted Answer

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

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