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Inventory Records for Herb's Chemicals Revealed the Following: March 1

Question 156

Multiple Choice

Inventory records for Herb's Chemicals revealed the following: March 1, 2018, inventory: 1,000 gallons @ $7.20 = $7,200 Inventory records for Herb's Chemicals revealed the following: March 1, 2018, inventory: 1,000 gallons @ $7.20 = $7,200 -The ending inventory assuming FIFO is: A) $5,140. B) $5,080. C) $5,060. D) $5,050.
-The ending inventory assuming FIFO is:


A) $5,140.
B) $5,080.
C) $5,060.
D) $5,050.

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