Quayle Bookstore had 500 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as follows: Quayle maintains a periodic inventory system. According to a physical count, 360 units were on hand at January 31. The cost of the inventory at January 31, under the FIFO method is:

Question

Quayle Bookstore had 500 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as follows:  Quayle maintains a periodic inventory system. According to a physical count, 360 units were on hand at January 31. The cost of the inventory at January 31, under the FIFO method is:

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The Answer of Quayle Bookstore had 500 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as follows:  Quayle maintains a periodic inventory system. According to a physical count, 360 units were on hand at January 31. The cost of the inventory at January 31, under the FIFO method is:

Quayle Bookstore Had 500 Units on Hand at January 1