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27. (1.5 points) The following pertain to the cost of H's only inventory item: Inventory on hand, January 1 200 units @ $45 per unit
27. (1.5 points) The following pertain to the cost of H's only inventory item: Inventory on hand, January 1 200 units @ $45 per unit Purchases, January 8 100 units @ $85 per unit Purchases. January 12 900 units @ $89 per unit Purchases, January 20 400 units @ $87 per unit Purchases, January 26 700 units @ $90 per unit 2,300 Sales, January 5 50 units @ $200 per unit Sales, January 9 150 units @ $200 per unit Sales, January 13 600 units @ $200 per unit Sales, January 17 100 units @ $200 per unit Sales, January 22 660 units @ $200 per unit Sales. January 30 440 units @ $200 per unit 2,000 (2,000 $200 = $400,000) Calculate COGS AND GP for January ND EI as of 01-31 under the following assumption: Huses perpetual LIFO EI: COGS: Gross profit
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