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

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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