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QUESTION
Tomasino's inventory records show the following data at January 31: Beginning inventory Jan. 1 100 units at $9 per unit Jan. 10 purchase 300 units at...
Jan. 22 purchase
130 units at $13 per unit
At January 31, 230 units are still on hand. What is the cost of the ending inventory at January 31 if Tomasino uses the FIFO method?
A) $2070
B) $2200
C) $2890
D) $2460
