Question
Tomasino's inventory records show the following data at January 31: Beginning inventory Jan. 1 90 units at $ 8 per unit Jan. 10 purchase 330
Tomasino's inventory records show the following data at January 31:
| Beginning inventory Jan. 1 | 90 units at$ 8 per unit |
| Jan. 10 purchase | 330 units at$12 per unit |
| Jan. 22 purchase | 100 units at$13 per unit |
At January 31,180 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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Strategic Management Theory And Cases An Integrated Approach
Authors: Charles W. L. Hill, Melissa A. Schilling, Gareth R. Jones
13th Edition
0357033841, 978-0357033845
