Multiple Choice
At January 1, 2020, Nevada Ltd. had 150 units of product A on hand, costing $32 each. Purchases of product A during January were as follows: A physical count on January 31, 2020 shows 200 units of product A on hand. The cost of the inventory at January 31, 2020 under the FIFO cost formula is
A) $6,150.
B) $6,375.
C) $6,600.
D) $7,050.
Correct Answer:

Verified
Correct Answer:
Verified
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