What is the value of the february ending inventory

Reference no: EM132703506

Problem 1: What is the value of the February ending inventory assuming that? Sam's uses the perpetual FIFO inventory? method?

A. $17,500

B. $15,875

C. $7,500

D $14,175

Sam's Wholesale Bikes

January 1 inventory balance 15 units at? $350 per unit

January 4 purchase 50 units at? $375 per unit

January 15 sale 40 units at? $550 per unit

February 8 purchase 80 units at? $405 per unit

February 15 sale 70 units at? $550 per unit

Reference no: EM132703506

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