Multiple Choice
A company has beginning inventory of 15 units at a cost of $12 each on October 1.On October 5,it purchases 10 units at $13 per unit.On October 12 it purchases 20 units at $14 per unit.On October 15,it sells 30 units.Using the periodic FIFO inventory method,what is the value of the inventory at October 15 after the sale?
A) $140
B) $160
C) $210
D) $380
E) $590
Correct Answer:

Verified
Correct Answer:
Verified
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