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What would ending inventory be valued

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Question - Assume the following data for Burnette Merchandising for? 2019:

On December? 31, a physical count reveals 15 units in ending inventory.

Assume a periodic inventory system. Under the FIFO? method, what would ending inventory be valued on the income statement? be?

Burnette Merchandising data

Beginning inventory 10 units at? $7 each

March 18 purchase 15 units at? $9 each

June 10 purchase 20 units at? $10 each

October 30 purchase 12 units at? $11 each

Reference no: EM133045928

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