Determine the Total Value of the Inventory Based on the FIFO

Multiple Choice

Determine the total value of the inventory based on the FIFO method. Count Price Extensions
Beginning inventory 6 $5.65 $33.90
Purchases on 2/6 before inventory 6 $6.30 $37.80
Purchases on 2/13 before inventory 12 $6.10 $73.20
Purchases on 2/20 before inventory 6 $6.30 $37.80
Purchases on 2/27 before inventory 4 $5.80 $23.20
Ending inventory 12 units

A) $69.60
B) $73.20
C) $71.90
D) $72.67