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Question(s) / Instruction(s):

A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 360 units.

                                                                                Units                     Unit Cost

  Beginning inventory on January 1           320                         $6.00   

  Purchase on January 9                                 85                           6.40   

  Purchase on January 25                               110                         6.60   


What is the cost of the 155 units that remain in ending inventory at January 31, assuming costs are assigned based on a periodic inventory system and use of FIFO? 

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