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Business, 15.11.2019 21:31 lauren203

Sanfillipo, inc., had 800 units of inventory on hand at march 1, 2018, 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:

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