Question: Multiple Choice Question 49 Bramble Bookstore had 500 units on hand at January 1, costing $8 each. Purchases and sales during the month of January
Multiple Choice Question 49 Bramble Bookstore had 500 units on hand at January 1, costing $8 each. Purchases and sales during the month of January were as follows Sales 350$14 Purchases Date Jan. 14 17 210 $12 25 210@$10 29 220 @ 16 Bramble does not maintain perpetual inventory records. According to a physical count, 350 units were on hand at January 31 The cost of the inventory at January 31, under the FIFO method is $2800 $4200 O$3780 $3500
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