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A company's inventory records report the following: Using the FIFO perpetual ...
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A company's inventory records report the following:
| Date | Activities | Units Acquired at Cost | Units Sold at Retail |
|---|---|---|---|
| August 1 | Beginning inventory | 15 units @ $16 = $240 | |
| August 5 | Purchase | 10 units @ $17 = $170 | |
| August 12 | Purchase | 20 units @ $22 = $440 | |
| August 15 | Sales | 30 units sold |
Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?
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