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November 1 Beginning inventory 20 units @ $40 6 Purchases 60 units @ $42...

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Accounting

November 1 Beginning inventory 20 units @ $40

6 Purchases 60 units @ $42

17 Sales 50 units @ $80

23 Purchases 40 units @ $46

30 Sales 28 units @ $85

What is ending inventory on a periodic LIFO basis?

A. $1,724

B. $1,772

C. $1,884

D. $3,236

E. $3,436

Answer & Explanation Solved by verified expert
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