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Please help me with this question, Thelen's inventory records show the following data at January31: Beginning inventory Jan. 1 80. $6 per unit Jan. 10
Please help me with this question, "Thelen's inventory records show the following data at January31:
Beginning inventory Jan. 1
80. $6 per unit
Jan. 10 purchase
290 units at $ 13per unit
Jan. 22 purchase
110 units at $ 14 per unit
At January31, 230 units are still on hand. What is the cost of the ending inventory at January 31 if Thelen uses the LIFOmethod?
My answer is 2690. Is this right?
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