The inventory records for Radford Co. reflected the following: Beginning inventory @ May 11100 units @ $3.80First purchase @ May 71200 units @ $4.00Second purchase @ May 171400 units @ $4.10Third purchase @ May 231000 units @ $4.20Sales @ May 313600 units @ $5.70What is the amount of ending inventory assuming the FIFO cost flow method?
A. $4040
B. $4180
C. $4620
D. $4400
Answer: C
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Events are actions by one object that interrupts only the existing condition itself
Indicate whether the statement is true or false