[The following information applies to the questions displayed below.] The inventory records for Radford Co. reflected the following:Beginning inventory @ May 1100 units @ $4.00First purchase @ May 7300 units @ $4.40Second purchase @ May 17500 units @ $4.60Third purchase @ May 23100 units @ $4.80Sales @ May 31900 units @ $7.80What is the amount of ending inventory assuming the FIFO cost flow method?
A. $480
B. $940
C. $440
D. $400
Answer: A
Business
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Fill in the blanks with correct word
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What will be an ideal response?
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