A business values its inventory using the First In First Out (FIFO) method. The inventory movements listed below occurred over one month, and there was no opening balance. 1 July: 100 units were received at $15.50; 6 July: 100 units were received at $15.60; 10 July: 80 units were issued; 20 July: 50 units were received at $15.80; 25 July: 100 units were issued. What was the inventory value at the end of the month?
- A$1085
- B$1092
- C$1102
- D$1106