ABC Company uses perpetual inventory. Details during January, 2020 are below: UNITS COST PER UNIT TOTAL Balance, Jan 1 200 units $5.00 $1,000 Purchase Jan 15 100 units $6.00 600 Sale Jan 20 120 units The company sells units for $10 each. A physical count of merchandise inventory on January 31 reveals that there are 180 units on hand. Using FIFO, the value of the ending inventory at January 31 is $603 $520 $1,000 $600 QUESTION 22 ABC Company uses perpetual inventory. Details during January, 2020 are below: UNITS COST PER UNIT TOTAL Balance, Jan 1 200 units $5.00 $1,000 Purchase Jan 15 100 units $6.00 600 Sale Jan 20 120 units The company sells units for $10 each. A physical count of merchandise inventory on January 31 reveals that there are 180 units on hand. Using the Average method, the value of the cost of goods sold for January is O $600 $640 $756 $526