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On Jan. 1, UUU Company had 500 units of Product 234 that cost $55 each. On Jan. 10, 500 units costing $60 each were purchased.
On Jan. 1, UUU Company had 500 units of Product 234 that cost $55 each. On Jan. 10, 500 units costing $60 each were purchased. On Jan. 20, 1,000 units costing $63 each were purchased. 1,550 units were sold during the month. Therefore, using the average cost periodic method, the Jan. 31 inventory of 450 units of Product 234 (rounded to the nearest dollar) should be:
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$24,750
$26,700
$27,113
$28,350
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