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What is the ending inventory

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Question - Checkers uses the periodic inventory system. For the current month, the beginning inventory consisted of 1,200 units that cost $12 each. During the month, the company made two purchases: 500 units at $13 each and 2,000 units at $13.50 each. Checkers also sold 2,150 units during the month. Using the FIFO method, what is the ending inventory?

a. $20,073

b. $18,600

c. $20,925

d. $18,950

Reference no: EM132942570

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