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What is the value of the inventory

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A company has the following purchases and sales during October. Using the FIFO periodic inventory method, what is the value of the inventory on October 15 after the sale?

Date

Activities

Units Acquired at Cost

Units Sold at Retail

October 1

Beginning inventory

15 units @ $28 = $420

 

October 5

Purchase

10 units @ $29 = $290

 

October 12

Purchase

20 units @ $30 = $600

 

October 15

Sales

 

30 units sold

Reference no: EM133253958

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