What is the cost of ending inventory on December

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Question - A company purchased 500 units for $ 30 each on January 31. It purchased 600 units for $ 36 each on February 28. It sold a total of 640 units for $ 40 each from March 1 through December 31. What is the cost of ending inventory on December 31 if the company uses the first-in, first-out (FIFO) inventory costing method? (Assume that the company uses a perpetual inventory system.)

A. $13,800

B. $560

C. $16,560

D. $13,240

Reference no: EM132342026

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