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At January 1, 2020, Nevada Ltd A Physical Count on January 31, 2020 Shows 200 Units

Question 114

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:  Date  Units  Unit Cost  Jan 10200$33.001825034.502810036.00\begin{array} { l l l l } \text { Date } & & \text { Units } & \text { Unit Cost } \\\text { Jan } 10 & & 200 & \$ 33.00 \\& 18 & 250 & 34.50 \\& 28 & 100 & 36.00\end{array} 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.

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