Question: Using the FIFO inventory costing method, what would the ending inventory be for the current year using the following table of transactions using the periodic

Using the FIFO inventory costing method, what would the ending inventory be for the current year using the following table of transactions using the periodic method?

Purchases: March 12 April 13 December 3 Sales: June 21 July 1

Purchases: March 12 April 13 December 3 Sales: June 21 July 1 50 units @ 5 Dec 15 Select one: a. $3,250 b. $6,500 c. $4,250 d. $5,750 2,000 units @ $2 1,000 units @ 5 500 units @10 2,500 units @ $6 300 units @ 12

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