Kershaw Bookstore had 800 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, 600 units were on hand at January 31. The cost of the inventory at January 31, under the LIFO method is:

Question

Kershaw Bookstore had 800 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, 600 units were on hand at January 31. The cost of the inventory at January 31, under the LIFO method is:

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The Answer of Kershaw Bookstore had 800 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, 600 units were on hand at January 31. The cost of the inventory at January 31, under the LIFO method is:

Kershaw Bookstore Had 800 Units on Hand at January 1