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Jareer Bookstore had 500 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as follows: Date

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Jareer Bookstore had 500 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as follows: Date Purchases Sales Jan 14 380 @ $15 17 250 @ $10 25 250 @ $12 29 260 @ $17 Jareer does not maintain perpetual inventory records. According to a physical count, 365 units were on hand at January 31 The cost of the inventory at January 31, under the FIFO method is: OA $3,240 OB$3,650 OC $4,100 OD $3,820 A company just starting business made the following four inventory purchases in June June 1 150 units $ 390 June 10 200 mit 598 June 15 200 unit 630 June 28 150 units 510 SAS A physical count of merchandise story on June 30 reveals that there we 200 units on and Using the FIFO mely to the metal to out of food for DA $540 OB 5668 OC 51,460 OD 51.588

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