A company has beginning inventory of 48 units at a cost of $13.00 each on October 1. On October 5, it purchases 30 units at $14.00 per unit. On October 12 it purchases 40 units at $15.00 per unit. On October 15, it sells 90 units. Using the periodic FIFO inventory method, what is the value of the inventory at October 15 after the sale?
A. $870.00
B. $420.00
C. $364.00
D. $450.00
E. $784.00
Answer: B
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