=+SA 7-2 LIFO and inventory flow Mimotopes Company began operations in 2009 by selling a single product. Data on purchases and sales for the year were as follows:

Purchases:

Date Units Purchased Unit Cost Total Cost April 6 15,500 $12.20 $ 189,100 May 18 16,500 13.00 214,500 June 6 20,000 13.20 264,000 July 10 20,000 14.00 280,000 August 10 13,600 14.25 193,800 October 25 6,400 14.50 92,800 November 4 4,000 14.95 59,800 December 10 4,000 16.00 64,000 _______ __________ 100,000 $1,358,000 _______ _______ __________ __________