Question:Refer to the given image:

Hefty & Co. wants to know the effect of different inventory methods on financial statements. Given below is the information about the opening inventory and purchases for the current year.
Sales during the year were 2,700 units at $5.00. If they used the first-in, first-out method, the closing inventory would be: 

A $2,780 
B $3,960 
C $9,700 
D $10,880 

+ Answer
D 

+ Explanation
answer not sure

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Md. Habib Ullah

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