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Required information Castle TV, Inc. purchased 1,800 monitors on January 5 at a per-unit cost of $154, and another 1,800 units on January 31 at
Required information Castle TV, Inc. purchased 1,800 monitors on January 5 at a per-unit cost of $154, and another 1,800 units on January 31 at a per-unit cost of $262. In the period from February 1 through year-end, the company sold 3,350 units of this product. At year-end, 250 units remained in inventory. Part 1of 2Assume that Castle TV, Inc. uses the FIFO flow assumption. The cost of the 250 units in inventory at year-end is: 3.33 points Multiple Choice Skipped $38,500. Print $104,000. $65,500. $52,000
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