Multiple Choice Question 49 Coronado Bookstore had 510 units on hand at January 1, costing $8 each. Purchases and sales during the month of January were as follows: Purchases Date Jan. Sales 410 $14 14 240 @ $12 240 $10 240 $17 Coronado does not maintain perpetual inventory records. According to a physical count, 340 units were on hand at January 31. The cost of the inventory at January 31, under the FIFO method is: $2720. $3600 $4080 $3400 O O CALCULATOR MESSAGE WITT E ENTRE BACK Multiple Choice Question 93 Marigold Shutters has the following inventory information Nov. 1 Inventory Purchase Purchase Purchase 50 units 160 units 70 units 30 units $4.00 $5.00 $6.00 $7.00 17 25 A physical count of merchandise inventory on November 30 reveals that there are 40 units on hand. Assume a periodic inventory system is used. Cost of goods sold (rounded to the nearest dollar) under the average-cost method is 51760 $1782 O $1728 Click If you would like to show Work for this questions on Show Work