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  3. a company has the following inventory data: de

A company has the following inventory data: December 1 Beginning...

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Accounting

A company has the following inventory data:
December 1 Beginning inventory of 15 units at $6.00 per unit
December 7 Purchased 60 units at $6.60 per unit
December 12 Sold 35 units
December 20 Purchases 30 units at $7.20 per unit
December 29 Sold 25 units
Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis for December? What if a periodic inventory system had been used instead of perpetual?

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