CORRECT TEXT
At 1 June 20X9 XY has opening inventory of 80 units at a cost of $7.60 each XY purchases the following units during the month of June:
During June 20X9, XY sold 250 units at a price of $15.00 each XY uses the first in. first out (FIFO) method of inventory valuation.
What is the value of XYs closing inventory at 30 June 20X9? Give your answer to the nearest $.
Answer: $970