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What is the value of inventory on hand after this sale

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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.

Reference no: EM132699225

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