Question: A merchandiser using the FFO method of inventory valuation made the following purchases of inventory item A 6 5 0 1 : January 5 :

A merchandiser using the FFO method of inventory valuation made the following purchases of inventory item A6501:
January 5: 1 unit at $850
January 6: 1 unit at $860
January 7: 1 unit at $858
If the merchandiner sold 2 units on January 10, the balance in thair Inventory account for A6507s is
Select one:
A 5856
B.1858
C. $850
a. SRRA
A merchandiser using the FFO method of inventory

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