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A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 360 units. Beginning inventory on
A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 360 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 85 110 Unit Cost $ 6.00 6.40 6.60 What is the cost of the 155 units that remain in ending inventory at January 31, assuming the costs assigned to ending inventory based on a perpetual inventory system and use of LIFO. (Omit the "S" sign in your response.)
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