M7-6 is option D.

i need to figure out M7-7.

Questions M7-6 and M7-7 are based on the fol- lowing data: City Stationers Inc. had 200 calcu- lators on hand on January 1, 2019, costing $18 each. Purchases and sales of calculators during the month of January were as follows: Date Purchases Sales Jan. 12 150 @ $28 15 100 @ $20 27 100 @ $22 30 100 @ $32 City uses a periodic inventory system. According to a physical count, 150 calculators were on hand at January 31, 2019. M7-6 LO 7.5 The cost of the inventory on January 31, 2019, under the FIFO method is: a. $400 c. $3,100 b. $2,700 d. $3,200 The cost of the inventory on January 31, 2019, under the LIFO method is: M7-7 LO 7.5 a. $400 c. $3,100 d. $3,200 b. $2,700