Question: ABC co. has the following data for the month ended January 31, 2021. ABC uses periodic inventory system: Date Units Unit cost or selling

ABC co. has the following data for the month ended January 31,

ABC co. has the following data for the month ended January 31, 2021. ABC uses periodic inventory system: Date Units Unit cost or selling price 1/1 Beginning Inventory 110 $ 78 1/8 Purchase 190 81 1/12 Sale 140 110 1/18 Purchase 75 81 1/20 Sale 80 120 1/24 Purchase 210 83 190 120 1/29 Sale Which inventory method will allow company to present the highest ending inventory on the January 31, 2021 Balance Sheet?

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