21 MaCo begins operations in 20X1 and uses the periodic meth

21. MaCo begins operations in 20X1 and uses the periodic method and FIFO costing. In March, 20X1, MaCo buys 700 units @ $4; in July, it buys 2,700 units @ $6, and in November, it buys 1,600 units @ $8. The cost of the 1,900 units in MaCo\'s December 31 ending inventory is...

A.) $10,000 B.)$15,200 C.) $14,600 D.) $7,600

Solution

the cost of inventory nov 1600 units *8= 12800 july 300 units *6 = 1800 cost of ending invnetory 14600 answer ) option c $14,600