Checkers uses the periodic inventory system. For the current month, the beginning inventory consisted of 7,200 units that cost $12 each. During the month, the company made two purchases: 3,000 units at $13 each and 12,000 units at $13.50 each. Checkers also sold 12,900 units during the month. Using the FIFO method, what is the ending inventory?

a. $120,438.

b. $111,600.

c. $125,550.

d. $113,700.

Answer rating: 100% (QA)

c 125550 Closing Stock units Opening Stock Purchases Sa... View the full answer