Question: Maduro Ltd. uses a perpetual inventory system. It has the following quantities and unit costs for one of its inventory items for the month of

Maduro Ltd. uses a perpetual inventory system. It has the following quantities and unit costs for one of its inventory items for the month of May: May 1: Beginning inventory, 1,000 units at $20 per unit Purchased 1,200 units at $23 per unit May 9: May 12: Sold 2,100 units at $40 each May 22: Purchased 800 units at $25 per unit 3. What would be the cost of ending inventory if Maduro uses the FIFO method? B. $22,500. C $22,300. D. $36,000. A. $18,000.

Maduro Ltd. uses a perpetual inventory system. It has the following quantities and unit costs for one of its inventory items for the month of May: May 1: Beginning inventory, 1,000 units at \$ \\$ 20 \$ per unit May 9. Purchased 1,200 units at \$ \\$ 23 \$ per unit May 12: Sold 2,100 units at \$ \\$ 40 \$ each May 22: Purchased 800 units at \$ \\$ 25 \$ per unit 3. What would be the cost of ending inventory if Maduro uses the FIFO method? A. \$ \\$ 18,000 \$. B. \$ \\$ 22,500 \$. C. \$ \\$ 22,300 \$. D. \$ \\$ 36,000 \$

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