Calculate the Cost of Ending Inventory Using FIFO Method A) $800
B) $760
C) $580
D) $500

Multiple Choice

Calculate the cost of ending inventory using FIFO method. $\begin{array}{lll}10 \text { units at } \$ 10 \text { each } & \text { Beginning inventory } & 1 / 1 \\40 \text { units at } \$ 12 \text { each } & \text { Purchase } & 2 / 28 \\50 \text { units at } \$ 14 \text { each } & \text { Purchase } & 5 / 10 \\30 \text { units at } \$ 16 \text { each } & \text { Purchase } & 9 / 20 \\50 \text { units } & \text { Encling inventory } & 12 / 31\end{array}$

A) $800
B) $760
C) $580
D) $500