Question: Date Transaction Type Units Unit Cost 1 - Jan Opening Inventory 1 0 0 $ 1 7 - Jan Purchase 1 0 $ 2 9

Date Transaction Type Units Unit Cost
1-Jan Opening Inventory 100 $1
7-Jan Purchase 10 $2
9-Jan Sale 80
21-Jan Purchase 20 $3
24-Jan Sale 40
How many units remain in ending inventory? $10
What is the FIFO Unit Price(s) to be used in valuing Ending Inventory? $3.00
What is the FIFO value of total Ending Inventory?

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