Refer to the information in QS 5-1 and assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO. (Round per unit costs to three decimals, but inventory balances to the dollar.)

Transcribed Image Text:

Units Unit Cost Beginning inventory on January l320 Purchase on January 9 Purchase on January 25 . .. $6.00 6.40 6.60 85 110