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What is ending inventory under fifo for waterway

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Reference no: EM132706119

Waterway has the following inventory data:

Nov. 1 Inventory33 units @ $6.60 each

8 Purchase132 units @ $7.10 each

17 Purchase66 units @ $6.95 each

25 Purchase99 units @ $7.30 each

Problem 1: A physical count of merchandise inventory on November 30 reveals that there are 110 units on hand. Ending inventory under FIFO is

A. $799.

B. $1537.

C. $765.

D. $1572.

Reference no: EM132706119

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