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Question - The following information relates to an item of inventory using the perpetual inventory system and first in - first out (FIFO). The balance on hand at the end of a particular day of the inventory item is provided.
Units on Hand
Unit cost $
Total cost $
40
375.00
15,000
100
385.00
38,500
200
382.00
76,400
450
398.00
179,100
Required - On the following day there was a sale of 480 units of inventory. What is the value of inventory on hand after this sale? Enter your whole dollar amount and do not use cents.
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