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

The correct answer is $210.

Explanation:

According to the scenario, the computation of the given data are as follows:

01-OctBegin In         15.00    $12.00     =  $180.00  

05-OctPurchase         10.00    $13.00     =  $130.00  

12-OctPurchase         20.00    $14.00     =  $280.00

So, If it sells 30 Units,

Then,

Begin In         15.00    $12.00     =  $180.00

Sell                    10.00    $13.00     =  $130.00  

Sell                   5.00    $14.00     =  $70.00

Remaining units     15 units

So, Total value of inventory = Remaining unit × $14

= 15 units × $14

= $210

yeah its a ok ! just ask the qestoin and someone well answer !

answer; the nav calculated at the market close at 4: 00 pm new york time;