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Imagine an inventory with just four items. The first two items cost $1,000 each, the third item cost $2,000, and the fourth item cost $3,000. If half of the items have been sold, what is the value of the remaining inventory using the FIFO (first-in-first-out) method of inventory management?

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Imagine an inventory with just four items. The first two items cost $1,000 each, the third item cost $2,000, and the fourth item cost $3,000. If half of the items have been sold, what is the value of the remaining inventory using the FIFO (first-in-first-out) method of inventory management?






 
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