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What is the value of the inventory at August

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Reference no: EM133069960

Question - A company's inventory records report the following:

August 1 Beginning balance 17 units @ $7

August 5 Purchase 12 units @ $6

August 12 Purchase 16 units @ $7

On August 15, it sold 34 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?

a. $238

b. $77

c. $319

d. $97

e. $495

Reference no: EM133069960

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