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Question C: Accounting for Inventory and Cost of Sales (8 minutes) Collapse The records of Storex Inc. showed the following information for merchandise items for January 2022. January 1 2022. Inventory, measured at FIFO = $228 (19 units x $12 per unit) Inventory, measured at weighted average cost = $190 (19 units x $10 per unit) Unit Cost Transactions during January 2022 Units Purchase, January 9 25 Total Cost $375 15 50 16 800 Purchase, January 20 Sale, January 11, (at $38 per unit) Sale, January 27 (at $39 per unit) 40 28 Question C: Accounting for Inventory and Cost of Sales (8 minutes) Collapse The records of Storex Inc. showed the following information for merchandise items for January 2022. January 1 2022. Inventory, measured at FIFO = $228 (19 units x $12 per unit) Inventory, measured at weighted average cost = $190 (19 units x $10 per unit) Unit Cost Transactions during January 2022 Units Purchase, January 9 25 Total Cost $375 15 50 16 800 Purchase, January 20 Sale, January 11, (at $38 per unit) Sale, January 27 (at $39 per unit) 40 28