Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 940 $ 7.22 Mar. 10 Purchase 550 7.72 Mar. 16 Purchase 356 8.32 Mar....




Inventory records for Marvin Company revealed the following:


























































DateTransactionNumber
of Units
Unit
Cost
Mar.1Beginning inventory940$7.22
Mar.10Purchase5507.72
Mar.16Purchase3568.32
Mar.23Purchase5109.02



Marvin sold 1,740 units of inventory during the month. Ending inventory assuming FIFO would be:
(Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)






Multiple Choice








  • $1,132.






  • $5,013.






  • $6,787.






  • $5,482.







Jun 10, 2022
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