Units
Date Received Cost Issued On Hand
1 / 1 / 14 |
Inventory |
$ 6.00 |
3,200 |
|
|
1 / 11 / 14 |
Issue |
1,600 |
1,600 |
1 / 22 / 14 |
Purchase |
4,000 |
$ 7.05 |
5,600 |
|
|
|
The moving-average unit cost of X inventory at January 31, 2014 is
22) Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2013. Its inventory at that date