of inventory on hand at March 1, costing $10 each March 5 20 29 18 Johnson Bookstore had 200 units of inventory on hand a Purchases and sales during the month of March were as follow Date Sales Purchases 100 $15 200 @ $11 150 $12 250 @ $16 Johnson does not maintain perpetual inventory records. According to a physical count, 200 units were on hand at March 31. The cost of the inventory at March 31, under the FIFO method is: a $2.285. b. $2.350 c. $2,680. d. $2,920. 19. Date Alesha's Bookstore had 400 units of inventory on hand at October 1, costing $8 eac Purchases and sales during the month of October were as follows: Purchases Sales Oct. 10 350 @ $12 150 @ $10 200 @ $11 240 @ $14 15 25 Alesha's does not maintain perpetual inventory records. According to a physical 160 units were on hand at October 31. The cost of the inventory at October 31, under the LIFO method is: a. $1,200. b. $1,280. C. $1,800. d. $1,965 Goods in transit should be included in the inventory of the buyer when the a terms of sale are FOB shipping point. b. terms of sale are FOB destination C. public carrier accepts the goods from the seller. d. goods reach the buyer