Coronado Bookstore had 490 units on hand at January 1, costing $9 each, Purchases and...
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Coronado Bookstore had 490 units on hand at January 1, costing $9 each, Purchases and sales during the month of January were as follows: Date Purchases Sales Jan. 14 430 @ $14 17 260 @ $10 25 260 @ $12 29 260 @$17 Coronado does not maintain perpetual inventory records. According to a physical count, 320 units were on hand at January 31 The cost of the inventory at January 31, under the LIFO method is: $3840 $3720 0 $2880 O $3200
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