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Determine what ending inventory under fifo is

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Reference no: EM132754529

Nash's,LLCs has the following inventory data:

Nov. 1 Inventory 22 units @ $4.40 each

Nov 8 Purchase 89 units @ $4.75 each

Nov 17 Purchase 44 units @ $4.65 each

Nov 25 Purchase67 units @ $4.90 each

Problem 1: A physical count of merchandise inventory on November 30 reveals that there are 74 units on hand. Ending inventory under FIFO is

A. $709.

B. $344.

C. $361.

D. $692.

Reference no: EM132754529

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