单选题

Given the following inventory data about a firm:
Beginning inventory 20 units at $50/unit
Purchased 10 units at $45/unit
Purchased 35 units at $55/unit
Purchased 20 units at $65/unit
Sold 60 units at $80/unit
What is the inventory value at the end of the period using FIFO?(     )

【正确答案】 C
【答案解析】

Ending inventory equals 20+10+35+20-60=25 of last units purchased in inventory.
(20 units)($65/unit)+(5 units)($55/unit)=$1300+$275=$1575.