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Business, 29.10.2019 00:31 ayoismeisalex
Partridge bookstore had 500 units on hand at january 1, costing $9 each. purchases and sales during the month of january were as follows:
date purchases sales
jan. 14 375 @ $14
17 250 @ $10
25 250 @ $11
29 260 @ $16
partridge does not maintain perpetual inventory records. according to a physical count, 365 units were on hand at january 31.
the cost of the inventory at january 31, under the lifo method is:
partridge bookstore had 500 units on hand at janua
$3,900.
$3,650.
$4,015.
$3,285.
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Answers: 2
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