Tomasino's inventory records show the following data at January 31: At January 31,240 units are still on hand.What is the cost of the ending inventory at January 31 if Tomasino uses the FIFO method?

Name: Tomasino's inventory records show the following data at January 31: At January 31,240 units are still on hand.What is the cost of the ending inventory at January 31 if Tomasino uses the FIFO method?
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Question

Tomasino's inventory records show the following data at January 31:  At January 31,240 units are still on hand.What is the cost of the ending inventory at January 31 if Tomasino uses the FIFO method?

Quizplus · Accepted Answer

120 units × $11 = $1,320
 11ea8a76_c350_39b2_8acc_4b05fd04d16e_TB6907_00

Tomasino's Inventory Records Show the Following Data at January 31