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Purchases and Sales During a Recent Period for Bottineau Inc

Question 31

Multiple Choice

Purchases and sales during a recent period for Bottineau Inc. were Purchases and sales during a recent period for Bottineau Inc. were Beginning inventory was 200 units at $2 each. Given this information, what is the ending inventory if the periodic FIFO costing alternative is used? A) $1,600 B) $2,000 C) $5,000 D) $12,400 Beginning inventory was 200 units at $2 each. Given this information, what is the ending inventory if the periodic FIFO costing alternative is used?


A) $1,600
B) $2,000
C) $5,000
D) $12,400

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