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On June 1, Dollar Hardware, Inc

Question 22

Multiple Choice

On June 1, Dollar Hardware, Inc. had an inventory of 300 gas grills costing $100 each. Purchases and sales during June are as follows:
On June 1, Dollar Hardware, Inc. had an inventory of 300 gas grills costing $100 each. Purchases and sales during June are as follows: What is the cost of Dollar's inventory on June 30 using the FIFO method? A) $15,000 B) $16,000 C) $16,500 D) $18,000
What is the cost of Dollar's inventory on June 30 using the FIFO method?


A) $15,000
B) $16,000
C) $16,500
D) $18,000

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