Google Translate Ministry of Interior... New Tab Asia-Pacific Forestr... Citation Machine A... Login - University Homepage - A eBook Calculator To illustrate the different inventory cost flow assumptions, consider the following example of Russell Company, which purchased inventory at three different times at three different prices. Units Cost per Unit Total Cost 20 $ 9 $ 180 May 1 Purchase May 15 Purchase 20 15 300 May 20 Purchase 20 20 400 Goods available for sale 60 $ 880 Russell purchased a total of 60 units, which cost a total of $880. On May 31st a customer purchased 20 units. Russell's selling price was $24 per unit Under the FIFO method, what is the unit cost of the items sold first? 39