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25. JB Adams Inc. had the following purchase transactions in May Date of Purchase Number of...

25. JB Adams Inc. had the following purchase transactions in May

Date of Purchase Number of Units Cost per Unit Total Cost
May 5 500 $4 $2,000
May 10 700 $6 $4,200
May 15 400 $4.50 1,800

Adams sells 1,000 units on May 20 and uses the FIFO method of inventory costing. What is Adams' ending Inventory?

Group of answer choices

a 600

b 1,800

c 5,000

d 3,000

26. JB Adams Inc. had the following purchase transactions in May

Date of Purchase Number of Units Cost per Unit Total Cost
May 5 500 $4 $2,000
May 10 700 $6 $4,200
May 15 400 $4.50 1,800

Adams sells 800 units on May 13 and uses the LIFO method of inventory costing. What is Adams' Ending Inventory?

Group of answer choices

a 1,600

b 3,600

c 2,000

d 3,800

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