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Tomasino's inventory records show the following data at January 31: Beginning inventory Jan. 1 110 units at $9 per unit Jan. 10 purchase 290 units
Tomasino's inventory records show the following data at January 31: Beginning inventory Jan. 1 110 units at $9 per unit Jan. 10 purchase 290 units at $10 per unit Jan. 22 purchase 100 units at $11 per unit At January 31, 200 units are still on hand. What is the cost of the ending inventory at January 31 if Tomasino uses the FIFO method? O A. $2,100 OB. $1,800 OC. $1,890 OD. $2,090 A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the follo Days Outstanding Accounts Est. Percent Receivable Uncollectible 1 -30 days $60,000 3% 31-60 days $40,000 5% 61 - 90 days $24,000 12% Over 90 days $9,000 50% Before the year-end adjustment, the credit balance in Allowance for Uncollectible Accounts was $700. is made. O A. $11,180 OB. $10,480 O C. $1,100 OD. $11,880
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