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You are provided with the following information from Kaleidoscope's inventory cost flow records: Periodic method: FIFO cost flow Cost of Goods Sold Purchases Date Units
You are provided with the following information from Kaleidoscope's inventory cost flow records: Periodic method: FIFO cost flow Cost of Goods Sold Purchases Date Units Cost Total Units Dec. 31 Jan. 5 90 $9 $810 Jan. 10 60 Jan. 12 Jan. 25 Total (5) 30 $10 $300 120 $1,110 55 Cost Balance Total Units Cost Total 50 $8 $400 115 What is the dollar amount of Kaleidoscope's inventory at the end of January? Round cost calculations to two numbers after the decimal. $1,021 $1,110 $1,150 $1,065
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