Question: From the given information find the ending inventory using the Fifo method inventoryvaluation. 1st February 2021 Beginning Inventory is 500 units @ 10 2nd july

From the given information find the ending inventory using the Fifo method inventoryvaluation. 1st February 2021 Beginning Inventory is 500 units @ 10 2nd july 2018 purchased 1000 units@20 8th July 2018 purchased 3000 units@30 Inventory sold 2500 units@400 a. $60,000 b. $90,000 c. $30,000 d. $20,500

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