Question Completion Status: Moving to the next question prevents changes to this answer. Question 1 Date King Bookstore had 500 units on hand at January 1, costing $18 each. Purchases and sales during the month of January were as follows: Purchases Sales Jan. 14 375 @ $28 17 250 $20 250 @ $22 250 @ $32 25 29 King does not maintain perpetual inventory records. According to a physical count, 375 units were on hand at January 31, The cost of the inventory at January 31, under the FIFO method is: a. 8,000 b.7.750 c. 6.750 d. 1000 A Moving in the newestion prevents changes to this