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Required information Use the following information for the Quick Study below. ( Algo ) ( 5 - 7 ) [ The following information applies to

Required information
Use the following information for the Quick Study below. (Algo)(5-7)
[The following information applies to the questions displayed below.]
A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 380 units. Ending inventory at January 31 totals 150 units.
\table[[Beginning inventory on January 1,Units,Unit Cost],[Purchase on January 9,340,$3.30
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