What ending inventory assuming fifo would be

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Inventory records for Dunbar Incorporated revealed the following:

Date              Transaction               Number of Units                Unit

Apr.1          Beginning inventory         490                        $2.46

Apr.20            Purchase                   350                         2.65

Question 1: Dunbar sold 640 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)

Option 1: $530.

Option 2: $1,205.

Option 3: $492.

Option 4: $1,299.

Reference no: EM132600062

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