Question: 15
(Choose 1 answer)
(2128) A company had inventory of 10 units at a cost of $20 each on November 1. On November 2, it
purchased 20 units at $22 each. On November 6 it purchased 6 units at $25 each. On November 8, it sold 32
units for $54 each. Using the FIFO perpetual inventory method, what was the cost of the 32 units sold?
A. $570
B. $470
C. $690
D. $370
E. $740
