Solved: At january 31 230 units are still on hand what is the cost, Accounting Basics

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At january 31 230 units are still on hand what is the cost

Question - Thelen's inventory records show the following data at January 31:

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

Jan. 10 purchase 270 units at $11 per unit

Jan. 22 purchase 130 units at $12 per unit

At January 31, 230 units are still on hand. What is the cost of the ending inventory at January 31 if Thelen uses the LIFO method?

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Accounting Basics: At january 31 230 units are still on hand what is the cost

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Accounting Basics: At january 31 230 units are still on hand what is the cost

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