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can you help me with the answer to this multiple-choice question? Sheffield Bookstore had 470 units on hand at January 1, costing $8 each. Purchases

can you help me with the answer to this multiple-choice question?

Sheffield Bookstore had 470 units on hand at January 1, costing $8 each. Purchases and sales during the month of January were as follows:

Date

Purchases

Sales

Jan. 14

430 @ $13

17

250 @ $10

25

230 @ $12

29

200 @ $16

Sheffield does not maintain perpetual inventory records. According to a physical count, 320 units were on hand at January 31. The cost of the inventory at January 31, under the FIFO method is:

$2560.

$3660.

$3240.

$3370.

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