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Cadiz Company has the following purchase and sales data. Note: There was no inventory before the purchase made on January 1. Purchased on January 1

Cadiz Company has the following purchase and sales data. Note: There was no inventory before the purchase made on January 1. Purchased on January 1 - 50 units, $9 cost per unit Purchased on January 16 - 150 units, $8 cost per unit Purchased on January 25 - 200 units, $7 cost per unit Sold on January 31 - 225 units, $15 selling price per unit Assume that the company uses **FIFO**. Compute ENDING INVENTORY for January. $1,825 $1,775 $1,600 $1,225 $1,550 $1,334 0 26 16 A W

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