ACME Trading Co uses a perpetual inventory system and provided us with the following information for the month of May FIFO?

Question

asked Jul 26, 2020 81.8k views

1 Answer

Jossy Paul · Answer 1 · 2020-08-02T02:34:53+0000

Answer:

C. $42,000

Step-by-step explanation:

When the oldest inventories are recorded first after the selling process, it is called First in, first out (FIFO) inventory system.

The following image shows the ending inventory.