23. Oxford Company had a beginning inventory of 700 units that cost $9.00 each. Purchases were made in June (3.600 units) and October (5,800 units) at costs ofS9.50 and S9.80, respectively. IfOxford uses LIFO and a physical count revealed 1,100 units on hand, the company's balance sheet would disclose an ending inventory valuation of $10,100 $10,780 $86,560 $87,240 a. C. d. 24. Jackson's inventory cost on the balance sheet was lower when using first-in, first-out than when using last in, first-out. Assuming no beginning inventory, in which direction did the cost ofpurchasesmove during the year? Up Down. Steady Cannot be determined. a. C. d