The following data is available for an item of JNC Inc. for the month of March:
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The following data is available for an item of JNC Inc. for the month of March:


March 1

 Inventory  15 units at $10 each       

15 Purchase 30 units at $18 each

31 Purchase 24 units at $15 each

  Sale 30 units

​Using the first-in, first-out method, what is JNC Inc.'s cost of ending inventory for March?​

Select one:

a. $510

b. $630

c. $360

d. $420

Top Answer

So, the correct option is B "$630" .... View the full answer

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