Question: what is the ending inventory awnser Suppose that Target Corporation uses the periodic inventory system to account for inventories and has the following information at

what is the ending inventory awnser

Suppose that Target Corporation uses the periodic inventory system to account for inventories and has the following information at October 31. October 1 24 Beginning inventory Purchase Purchase Purchase Total units and cost 400 800 600 200 2,000 units units units units units $12.00 $12.40 $12.80 $1360 $4,800 9 920 7680 2,720 $25,120 Determine the ending inventory using the FIFO cost assumption if 500 units remain on hand at October 31. Ending inventory $

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