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What is the cost of the ending inventory on july

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Reference no: EM132036026

Question - The inventory data for an item for July are as follows.

July 1

Inventory

10 units at $15

July 3

Sold

5 units

July 10

Purchased

12 units at $16

July 18

Sold

8 units

July 27

Purchased

15 units at $17

Using the perpetual system, costing by the first-in, first-out (FIFO) method, what is the cost of the ending inventory on July 31?

Reference no: EM132036026

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