Current Attempt in Progress Sheridan Bookstore had 490 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as follows: Date Jan. 14 17 25 29 Purchases O $3330. O $2960. O $3740. O $4070. 260 @ $8 260 @ $11 Save for Later Sales 380 @ $14 Sheridan does not maintain perpetual inventory records. According to a physical count, 370 units were on hand at January 31. The cost of the inventory at January 31, under the FIFO method is: 260 @ $16 Attempts: 0 of 2 used Submit Answer

Current Attempt in Progress Sheridan Bookstore had 490 units on hand at January 1 , costing $9 each. Purchases and sales during the month of January were as follows: Sheridan does not maintain perpetual inventory records. According to a physical count, 370 units were on hand at January 31. The cost of the inventory at January 31 , under the FIFO method is: $3330. $2960. $3740. $4070