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Need help with accounting hw question. Thanks! Thelen's inventory records show the following data at January 31: Beginning inventory Jan. 1 Jan. 10 purchase Jan.
Need help with accounting hw question. Thanks!
Thelen's inventory records show the following data at January 31: Beginning inventory Jan. 1 Jan. 10 purchase Jan. 22 purchase 80 units at $7 per unit 300 units at $12 per unit 130 units at $13 per unit At January 31, 230 units are still on hand. What is the cost of the ending inventory at January 31 if Thelen uses the LIFO method? O A. $2,360 O B. $2,510 O c. $1,610 O D. $2,990
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