What is the cost of ending inventory at end of october five

Reference no: EM131908418

Problem

Logan Company uses a perpetual inventory system on a FIFO basis. Assuming inventory on January 1 was 800 units at $8 each.

Received			Sold
Date	Quantity	Cost per unit	Date	Quantity
Apr. 15	220	$5	Mar. 8	500
Nov. 12	1,900	9	Oct. 5	200

What is the cost of ending inventory at the end of October 5?

Reference no: EM131908418

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