Question: Units on hand Unit cost $ 1 3 Balance on 1/1 Units 2.000 1.200 1,800 800 Total cost 2 ,000 3 ,600 2.000 Purchased on

Units on hand Unit cost $ 1 3 Balance on 1/1 Units 2.000 1.200 1,800 800 Total cost 2 ,000 3 ,600 2.000 Purchased on 1/8 3,200 1.400 Sold on 1/23 Purchased on 1/28 5 4,000 2,200 Nest uses the LIFO method to cost inventory What amount should Nest report as inventory on January 31 under each of the following methods of recording inventory? Perpetual Periodic $5.400 $2.600 A B. C. D. $2,600 $5,400 $2,600 $5.400 $2.600 $5.400

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