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The following information was available from the inventory records of Rich Company for January: Units Unit Cost Total Cost Balance at January 1 9,000 $9.77
The following information was available from the inventory records of Rich Company for January:
Units Unit Cost Total Cost
Balance at January 1 9,000 $9.77 $87,930
Purchases:
January 6 6,000 10.30 61,800
January 26 8,100 10.71 86,751
Sales:
January 7 (7,500)
January 31 (11,100)
Balance at January 31 4,500
A)Assuming that PERIODIC inventory record are kept, the COGS on a FIFO basis is:
48195, 192516, 188286, 43965
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