Question: Current Attempt in Progress Marigold Bookstore had 550 units on hand at January 1, costing $8 each. Purchases and sales during the month of January

 Current Attempt in Progress Marigold Bookstore had 550 units on hand

Current Attempt in Progress Marigold Bookstore had 550 units on hand at January 1, costing $8 each. Purchases and sales during the month of January were as follo Date Jan. 14 Purchases Sales 410 $14 17 290 $10 290 $11 25 29 250 $15 Marigold does not maintain perpetual inventory records. According to a physical count, 470 units were on hand at January 31. The cost of the inventory at January 31, under the FIFO method is: 54700 $5170 14990

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