Basil Company had the following activity in its inventory account during March 2019. Date Activity Units Cost per unit Total unit costs March 1 Beginning Inventory 100 $4.00 $400.00 March 3 Purchase 1 45 4.05 182.25 March 5 Sale 1 50 9.00 450.00 March 9 Purchase 2 60 4.75 285.00 March 12 Sale 2 70 10.00 700.00 March 14 Purchase 3 10 5.00 50.00 March 15 Sale 3 30 12.00 360.00 March 30 Purchase 4 35 5.05 176.75 Based on this information, what is the ending inventory balance at March 31, 2019, for Basil Company if the company uses perpetual FIFO as its inventory valuation method?
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Basil Company had the following activity in its inventory account during March 2019. Date Activity U...
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