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  3. the ivanhoe shop shows the following data related

The Ivanhoe Shop shows the following data related to an item of inventory: ...

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Accounting

The Ivanhoe Shop shows the following data related to an item of inventory:
Inventory, January 1 310 units @ $6.00
Purchase, January 9 870 units @ $6.50
Purchase, January 19 210 units @ $7.00
Inventory, January 31 310 units

(a)

What value should be assigned to the ending inventory using FIFO?
Value assigned to the ending inventory $

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