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Maki Company Has the Following Data Available If Maki Company Uses a Perpetual FIFO Inventory System, the c

Question 24

Multiple Choice

Maki Company has the following data available:  Transaction  Units Purchased  Unit Cost  Units Sold  Beginning Inventory 750$32 Oct. 1 Purchase 32535 Oct. 10 Sale 425 Oct. 14 Purchase 45036 Oct. 20 Sale 600 Oct. 22 Purchase 40038 Oct. 29 Sale 525\begin{array} { l c c c } \text { Transaction } & \text { Units Purchased } & \text { Unit Cost } & \text { Units Sold } \\\text { Beginning Inventory } & 750 & \$ 32 & \\\text { Oct. 1 Purchase } & 325 & 35 & \\\text { Oct. 10 Sale } & & & 425 \\\text { Oct. 14 Purchase } & 450 & 36 & \\\text { Oct. 20 Sale } & & & 600 \\\text { Oct. 22 Purchase } & 400 & 38 & \\\text { Oct. 29 Sale } & & & 525\end{array}
If Maki Company uses a perpetual FIFO inventory system, the cost of ending inventory on October 31 is ________.


A) $15,200
B) $14,250
C) $51,575
D) $52,525

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