Marsh Company had 150 units of product A on hand at January 1, 2006, costing $21 each. Purchases of product A during the month of January were as follows:
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|
Units |
Unit cost |
|
|
Jan. 10 |
200 |
$22 |
|
18 |
250 |
23 |
|
28 |
100 |
24 |
A physical count on January 31, 2006, shows 250 units of product A on hand. The cost of the inventory at January 31, 2006, under the LIFO method is
- $5,850
- $5,550
- $5,350
- $5,250