Consider the following Beginning inventory 10 units Rs 10 per-12721

Consider the following:<br><table border='1' cellpadding='1' cellspacing='1' style='width:100%'><tbody><tr><td>Beginning inventory</td><td>10 units @ Rs. 10 per unit</td></tr><tr><td>First purchase</td><td>35 units @ Rs. 11 per unit</td></tr><tr><td>Second purchase</td><td>40 units @ Rs. 12 per unit</td></tr><tr><td>Third purchase</td><td>20 units @ Rs. 13 per unit</td></tr></tbody></table><br>Eighty units were sold, what is the value of the ending inventory using the FIFO method of inventory costing?

This multiple choice question (MCQ) is related to the book/course vu mgt101 Financial Accounting. It can also be found in vu mgt101 Final Term - Quiz No.1.