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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.
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