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    Question

    Consider the following information:

    src="https://www.ixambee.com/questionimage/Chapter/1689310787-18.png" alt="" /> Which one of the following is the value of inventory on January 31 under perpetual inventory system using First-In-First-Out (FIFO) method?
    A тВ╣6,700 Correct Answer Incorrect Answer
    B тВ╣8,700 Correct Answer Incorrect Answer
    C тВ╣10,700 Correct Answer Incorrect Answer
    D тВ╣12,000 Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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