Question
Tomasino's inventory records show the following data at January 31: Beginning inventory Jan. 1 110 units at $7 per unit Jan. 10 purchase 330 units
Tomasino's inventory records show the following data at January 31:
| Beginning inventory Jan. 1 | 110 units at $7 per unit |
| Jan. 10 purchase | 330 units at $11 per unit |
| Jan. 22 purchase | 120 units at $12 per unit |
At January 31,
240240
units are still on hand. What is the cost of the ending inventory at January 31 if Tomasino uses the FIFO method?
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Core Concepts Of Accounting Information Systems
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
11th Edition
9780470507025, 0470507020
