toring Enabled: Exam $2$ Due: Ch $4-7$ Assets

$08\mathrm{.}38$

Inventory records for Eliza Company revealed the following:

lumber

Eliza sold $2,300$ units of inventory during the month. Ending inventory assuming FIFO would be:

Date

Transaction

UnLES

Unit Cost

March $1$

Beginning Inventory

$1,00$

$

$7\mathrm{.}20$

March $10$

Purchase

$60$

$7\mathrm{.}25$

March $16$

Purchase

$800$

$7\mathrm{.}30$

March $23$

Purchase

$600$

$7\mathrm{.}35$

Multiple Choice

$$5,140$

$$5,050.$

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