Question: Given the following inventory data about a firm: Beginning inventory 2 0 units at $ 5 0 / unit Purchased 1 0 units at $

Given the following inventory data about a firm:
Beginning inventory 20 units at $50/unit
Purchased 10 units at $45/unit
Purchased 35 units at $55/unit
Purchased 20 units at $65/unit
Sold 60 units at $80/unit
What is the inventory value at the end of the period using first in, first out (FIFO)?
$1,575.
$3,475.
$3,100.

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