2. The materials account of the Lankford Comp any reflected the following changes during January...
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Accounting
2. The materials account of the Lankford Comp any reflected the following changes during January Balance, January 1 Received, January5 Issued, January 18 190 units $30 130 units $32 240 units Received, January 20 Issued, January 30 210 units $35 70 units Assuming that Lankford Company maintains perpetual inventory records, calculate the cost of the ending inventory at January 31 and the cost of the units issued in January using the FIFO method
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