Business, 28.05.2021 14:10 lindsaynielsen13

1. A company purchased the following units of an inventory during the year: Beginning inventory 10 units at $55
First purchase 25 units at $60
Second purchase 30 units at $65
Third purchase 15 units at $70
They use the periodic inventory system. During the year, 50 units of the item were sold. Using FIFO, the value of ending inventory is which of the following?
a. $1,350.
b. $1,150.
c. $1,375.
d. $1,250.

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