Kershaw Bookstore had 1,000 units on hand at January 1, costing €18 each. Purchases and sales during the month of January were as follows: Kershaw does not maintain perpetual inventory records. According to a physical count, 750 units were on hand at January 31. The cost of the inventory at January 31, under the FIFO method is:

Question

Kershaw Bookstore had 1,000 units on hand at January 1, costing €18 each. Purchases and sales during the month of January were as follows:  Kershaw does not maintain perpetual inventory records. According to a physical count, 750 units were on hand at January 31. The cost of the inventory at January 31, under the FIFO method is:

Quizplus · Accepted Answer

The Answer of Kershaw Bookstore had 1,000 units on hand at January 1, costing €18 each. Purchases and sales during the month of January were as follows:  Kershaw does not maintain perpetual inventory records. According to a physical count, 750 units were on hand at January 31. The cost of the inventory at January 31, under the FIFO method is:

Kershaw Bookstore Had 1,000 Units on Hand at January 1