2. Bud's Place recorded the following data: The weighted average unit cost of the inventory at January 31 is: a. \$2.40. b. $2.70. c. $2.80. d. $3.402. 3. Quayle Bookstore had 500 units on hand at January 1 , costing $9 each. Purchases and sales during the month of January were as follows: Quayle does not maintain perpetual inventory records. According to a physical count, 360 units were on hand at January 31. The cost of the inventory at January 31 , under the FIFO method is: a. $3,240. b. $3,650. c. $4,100. d. $3,820