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Impala Inc. completed the following transactions during the month of January: Date Item Quantity Unit Cost January 1 Balance 20 $50 January 4 Purchase 60
Impala Inc. completed the following transactions during the month of January:
| Date | Item | Quantity | Unit Cost |
| January 1 | Balance | 20 | $50 |
| January 4 | Purchase | 60 | $60 |
| January 22 | Purchase | 35 | $64 |
During the month, Logan Inc. sold 90 units of inventory.
What is the ending inventory under FIFO method for the month of January?
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Auditing Theory And Practice
Authors: John Dunn
2nd Edition
0132408961, 978-0132408967
