A Company Has Beginning Inventory of 15 Units at a Cost

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 FIFO periodic inventory method, what is the value of the inventory at October 15 after the sale?

A) $380
B) $590
C) $140
D) $160
E) $210