Use This Information to Answer the Following Question A Periodic Inventory System Is Used; Ending Inventory Is 151

Multiple Choice

Use this information to answer the following question. $\begin{array}{ll}\text { Beginning inventory } & 100 \text { units @\$8.00 } \\\text { Purchase-Oct. } & 200 \text { units } @ \$ 6.00 \\\text { Purchase-Dec. } & 100 \text { units } @ \$ 12.00\end{array}$
A periodic inventory system is used; ending inventory is 151 units.
What is ending inventory under FIFO?

A) $1,406
B) $1,606
C) $1,306
D) $1,506