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What the amount assigned to the june inventory would be

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Fillmore uses the periodic inventory system.

June

1 On hand, 50 units @ $15.00 each $ 750.00

5 Purchased 115 units @ $15.10 each 1,736.50

14 Purchased 75 units @ $15.20 each 1,140.00

       Total cost of goods available for sale 3 626.50

30 On hand, 90 units

Problem 1: If Fillmore uses the FIFO inventory method, the amount assigned to the June 30 inventory would be:

a) $1,354.00

b) $1,366.50

c) $1,590.42

d) $1,594.00

e) Not determinable from the information given

Reference no: EM132787914

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