Question: Ribeiro Company uses the FIFO method. Using the information provided, what is the unit cost of the 44 units remaining in inventory at month end?

Ribeiro Company uses the FIFO method. Using the information provided, what is the unit cost of the 44 units remaining in inventory at month end? • Beginning of the month: 70 units of Product 84K, each costing $31 • Week 1: Buys 34 units for $32 each • Week 2: Buys 50 units for $33 each • Week 4: Sells 110 units for $85 each Answer: A. $31 B. $32 C. $33 D. $85

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