Answer:
d.$1,226
Explanation:
First-in-first out: In this method, the company sell the old products than the new that means first sold the old products and then the new products are sold
Since 48 units are sold which are comprises below:
10 units at $52
19 units at $50
19 units at $55
The remaining units are considered the ending inventory
= 6 units × $55 + 14 units × $64
= $330 + $896
= $1,226
In the second purchase, 19 units are sold and 6 units are remaining
