Square9 Corporation has provided the following information about one of its laptop computers: ...

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Accounting

Square9 Corporation has provided the following information about one of its laptop computers:
Date Transaction Number of Units Cost per Unit
1/1 Beginning Inventory 300 $600
5/5 Purchase 400 $650
8/10 Purchase 500 $700
10/15 Purchase 300 $750
During the year, Square9 sold 1,250 laptop computers.
What was ending inventory using the FIFO cost flow assumption?
Multiple Choice
$182,500.
$187,500.
$160,000.
$150,000.

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