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At year - end, the perpetual inventory records of Musa Co . , indicate 6 0 units of a particular product in inventory, acquired at

At year-end, the perpetual inventory records of Musa Co., indicate 60 units of a particular product in inventory, acquired at the following dates and unit costs:
Purchased in August: 30 units at $750 per unit.
Purchased in November: 30 units at $700 per unit.
A complete physical inventory taken at year-end indicates only 50 units of this product actually are on hand.
Assume the company uses the FIFO method. What is the cost of the irtentory of this particular product that will be shown in the company's yearend balance sheet?

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