Question: The inventory data for an item sold by Able Co. for November is as follows: Nov. 1 Inventory 55 units at $25 each 10

The inventory data for an item sold by Able Co. for November

The inventory data for an item sold by Able Co. for November is as follows: Nov. 1 Inventory 55 units at $25 each 10 Purchase 65 units at $26 each 20 Purchase 75 units at $27 each Nov. 30 Ending Inventory: 60 units Using the First-in, First-out (FIFO) method, what is the ending inventory recorded on Able's balance sheet at November 30 1.$1,620 2. $3,470 3.$1,505 4.$3,585 QUESTION 36 The inventory data for an item sold by Able Co. for November is as follows: Nov. 1 Inventory 55 units at $25 each 10 Purchase 65 units at $26 each 20 Purchase 75 units at $27 each Nov. 30 Ending Inventory: 60 units Using the average cost inventory cost flow method, what is the value of the ending inventory on Abie's balance sheet at Nove nearest dollar, don't round the average cost)? submit. Click Save All Answers to save all answers

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