Question: Multiple Choice Question 113 Page 1 Multiple Choice Question 113 Concord uses the periodic inventory system. For the current month, the beginning inventory consisted of

Multiple Choice Question 113 Page 1 Multiple Choice Question 113 Concord uses the periodic inventory system. For the current month, the beginning inventory consisted of 7100 units that cost $11 each. During the month, the company made two purchases: 2900 units at $12 each and 12100 units at $12.5 each. Concord also sold 12900 units during the month. Using the FIFO method, what is the ending inventory? O $109943. O $101200. O $115000. O $103300. Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potent Policy set by your instructor. Question Attempts: O of 1 used SAVE FOR LATER SUBMIT ANSWE

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