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What is the cost of ending inventory on december

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Question - A company purchased 500 units for $ 20 each on January 31. It purchased 550 units for $ 22 each on February 28. It sold a total of 640 units for $ 45 each from March 1 through December 31. What is the cost of ending inventory on December 31 if the company uses the first-in, first-out (FIFO) inventory costing method?

$8,200

$9,020

$3,220

$4,980

Reference no: EM131928069

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