Question: Beginning inventory @ May 1 500 units @ $ 2.60 First purchase @ May 7 600 units @ $ 2.80 second purchase @ May 17

Beginning inventory @ May 1 500 units @ $ 2.60
First purchase @ May 7 600 units @ $ 2.80
second purchase @ May 17 800 units @ $ 2.90
Third purchase @ May 23 400 units @ $ 3.00
Sales @ May 31 1,800 units @ $ 4.50

Determine the amount of ending inventory assuming the FIFO cost flow method.

a. 1490

b.2000

c.1500

d.1300

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