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Question: Date Transaction # of Units Unit Cost TotalCost 1/1 Beg Balance 150 $30 $4,5...
Date | Transaction | # of Units | Unit Cost | Total Cost |
1/1 | Beg Balance | 150 | $30 | $4,500 |
1/24 | Purchase | 70 | 33 | 2,310 |
2/22 | Sale | (100) | - | - |
3/7 | Purchase | 90 | 35 | 3,150 |
4/10 | Purchase | 140 | 36 | 5,040 |
6/11 | Sale | (100) | - | - |
9/28 | Purchase | 50 | 38 | 1,900 |
12/4 | Sale | (100) | - | - |
Q. What is the ending inventory under a LIFO periodic inventorysystem?
a. $10,500
b. $9,610
c. $7,290
