01 04 on 05 Multiple Choice Question 49 Vaughn Bookstore had 470 units on hand at January 1, costing $8 each. Purchases and sales during the month of January were as follow Date Purchases Sales Jan. 14 390 $15 220 $12 220 @ $10 200 @ $17 on 12 Vaughn does not maintain perpetual inventory records. According to a physical count, 320 units were on hand at January 31. The cost of the inventory at January 31, under the FIFO method is: $3840 $3400 12560 33200 Question Attempts of 1 used