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Compute the cost of inventory at the end of march

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Sanfillipo, Inc., had 800 units of inventory on hand at March 1, 2016, costing $20 each. Purchases and sales of inventory during the month of March were as follows:

Date Purchases Sales
March 8   600 units
15 400 units @ $22 each  
22 400 units @ $24 each  
27   400 units

Sanfillipo uses the periodic inventory system. According to a physical count, 600 units were on hand at the end of March.

The cost of inventory at the end of March applying the FIFO method is:

$12,000 $14,400 $12,900 $14,000help don't know where to begin

Reference no: EM131793911

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