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Question C: Accounting for Inventory and Cost of Sales ( marks; 15 minutes) The records of Storex Inc. showed the following information for one
Question C: Accounting for Inventory and Cost of Sales ( marks; 15 minutes) The records of Storex Inc. showed the following information for one of its 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 por unit) Transactions during January Units Unit Cost Total Cost 2022 Purchase, January 9 25 15 $375 Purchase, January 20 50 16 800 Sale, January 11, (at $38 per 40 unit) Sale, January 27 (at $39 per 28 unit) nerpetual inventory system Exam Suppe
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