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A Company Has Beginning Inventory of 15 Units at a Cost

Question 121

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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

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