Question: QUESTION 16 AAA Co. uses a periodic inventory system and has the following information in regard to its inventory: Beginning inventory 500 units @ 17

QUESTION 16 AAA Co. uses a periodic inventory system and has the following information in regard to its inventory: Beginning inventory 500 units @ 17 = $ 8,500 Purchase on January 25 600 units @ 18 = 10,800 Purchase on March 15 500 units @ 19 = 9,500 Purchase on October 2 700 units @ 20 = 14,000 Goods available for sale $ 42,800 There are 900 units in ending inventory. What is the amount of the ending inventory using the FIFO metho A. $17,800 B. $14,000 C. $19,300 D. $8,500 E. None of the above Click Sa All Answers to save all ansur

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