Noll Co.had 450 units of product A on hand at January 1, 2007, costing $42 each.Purchases of product A during January were as follows: $\begin{array}{rrr}\text { Date}&\text { Units}&\text { Unit Cost }\
\hline \text { Jan. } 10 & 600 & \$ 44 \
18 & 750 & 46 \
28 & 300 & 48
\end{array}$

A physical count on January 31, 2007 shows 600 units of product A on hand.The cost of the inventory at January 31, 2007 under the LIFO method is
A)$28,200.
B)$26,700.
C)$25,500.
D)$24,600.

Question

Noll Co.had 450 units of product A on hand at January 1, 2007, costing $42 each.Purchases of product A during January were as follows: $\begin{array}{rrr}\text { Date}&\text { Units}&\text { Unit Cost }\
\hline \text { Jan. } 10 & 600 & \$ 44 \
18 & 750 & 46 \
28 & 300 & 48
\end{array}$

A physical count on January 31, 2007 shows 600 units of product A on hand.The cost of the inventory at January 31, 2007 under the LIFO method is
A)$28,200.
B)$26,700.
C)$25,500.
D)$24,600.

Quizplus · Accepted Answer

The Answer of Noll Co.had 450 units of product A on hand at January 1, 2007, costing $42 each.Purchases of product A during January were as follows: $\begin{array}{rrr}\text { Date}&\text { Units}&\text { Unit Cost }\
\hline \text { Jan. } 10 & 600 & \$ 44 \
18 & 750 & 46 \
28 & 300 & 48
\end{array}$

A physical count on January 31, 2007 shows 600 units of product A on hand.The cost of the inventory at January 31, 2007 under the LIFO method is
A)$28,200.
B)$26,700.
C)$25,500.
D)$24,600.

Noll CoHad 450 Units of Product a on Hand at January