A company has beginning inventory of 36 units at a cost of $13.00 each on October 1. On October 5, it purchases 24 units at $14.00 per unit. On October 12 it purchases 34 units at $15.00 per unit. On October 15, it sells 72 units.
Using the FIFO periodic inventory method, what is the value of the inventory at October 15 after the sale?

Answer rating: 100% (QA)

since FIFO periodic inventory is used units in ending inventory will be ope... View the full answer