66 Chapter 6 - Inventory Costing and Valuation Question 1 A company had the following beginning inventory and purchases during January for a particular item. On January 28, 543 units were sold. What is the cost of the 140 units that remain in the e remain in the ending inventory, assuming the following? a) FIFO b) Moving Weighted average Round numbers to the nearest cent. Assume a perpetual inventory system it mekad Units 310 Unit Cost $3.00 Total Cost $ 930.00 Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Total Available for sale 75 100 485 $3.20 $3.35 $ 240.00 $ 335.00 $1,505.00 Question 2