Tomasino's inventory records show the following data at January 31:

Beginning inventory Jan. 1 90 units at $ 5 per unit

Jan. 10 purchase 320 units at $ 12 per unit

Jan. 22 purchase 130 units at $ 13 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?

A. 2,530

B. 1,000

C. 1,770

D. 1,360

A company purchased inventory for $ 800 per unit. The company later sold one unit of the inventory for cash of $ 2,000. Under the perpetual inventory system, which accounts will be debited to record the sale? The selling price of a television is $ 2,000 and the cost to the retailer is $ 325. What is the retailer's gross profit from the sale of the television? Grogan Company purchases inventory on account with a cost of $ 900 and a retail price of $ 1,800. Grogan Company uses the perpetual inventory method. What journal entry is required on the date of purchase? On July 1, Corrao Company purchased $ 1, 600 of inventory on account with credit terms of 3/10, net 30. Corrao Company uses the perpetual inventory system. On July 5, Corrao Company paid the amount due. What journal entry did they prepare on July 5?

A company has a beginning inventory of $ 40,000 and purchases during the year of $ 90,000. The beginning inventory consisted of 2,000 units and 9,000 units were purchased during the year. The company has 3 comma 000 units left at yearminusend. Under averageminuscost, what is Cost of Goods Sold? (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar.) Thelen's inventory records show the following data at January 31: Beginning inventory Jan. 120 units at $ 5 per unit Jan. 10 purchase 300 units at $ 12 per unit Jan. 22 purchase 120 units at $ 13 per unit At January 31, 200 units are still on hand. What is the cost of the ending inventory at January 31 if Thelen uses the LIFO method? A. 1,560 B. 1,000 C. 1,640 D. 2,600