Answer:
$230
Step-by-step explanation:
Quantity Unit Cost Total Cost
Beginning inventory (Jan. 1) 17 $8 $136
Purchase (Jan. 11) 9 $14 $126
Purchase (Jan. 20) 20 $16 $320
Total 46 $582
sales:
January 14, 22 units sold
cost of goods sold under LIFO = (9 x $14) + (13 x $8) = $126 + $104 = $230
cost of goods sold under FIFO = (5 x $14) + (17 x $8) = $70 + $136 = $206
cost of goods sold under average cost = ($262 / 26) x 22 = $221.69