Dec 31 Based upon the preceding data, would you expect the inventory to be higher or lower using the first in, first out method Purchases Dec 10 Dec 20 Sales Dec 12 Dec 14 Dec 31 Inventory 1,400 units at $21 980 units 840 units 420 units Dec 1 700 units at $23 630 units at $25

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Question: Dec. 31 Based upon the preceding data, would you expect the inventory to be higher or lower using the first-in, first-out method? Purchases Dec. 10




				Dec. 31	Based upon the preceding data, would you expect the inventory to be higher or lower using the first-in, first-out method?

Purchases Dec. 10 Dec. 20 Sales Dec. 12 Dec. 14 Dec. 31 Inventory 1,400 units at $21 980 units 840 units 420 units Dec. 1 700 units at $23 630 units at $25

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