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Question
Gordon Company has the following data available:
TransactionUnits PurchasedUnit CostUnits Sold Beginning Inventory 300 $20 March 1 Purchase200$12 April 25 Sale340 June 10 Purchase 360 $14 July 20 Sale250 October 30 Purchase 250 $11 December 15 Sale340 If Gordon Company uses a perpetual FIFO inventory system, the cost of ending inventory on December 31 is ________. A) $18,600 B) $10,230 C) $1980 D) $3600
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