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QS 5-5 Perpetual: Inventory costing with FIFO P1 A company reports the following beginning inventory and two purchases for the month of January. On January
QS 5-5 Perpetual: Inventory costing with FIFO P1 A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units. Ending inventory at January 31 totals 150 units. Unit Cost Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 320 80 100 $3.00 3.20 3.34
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