27.

Easy Gen Company's inventory records contained the following information regarding its latest generator model. The company uses a periodic inventory system.

Beginning inventory, January 1, 2020	570	units @ $75 each
Purchases:
January 15	1,430	units @ $90 each
January 21	1,190	units @ $95 each
January 28	1,570	units @ $100 each
Ending units	1,250

Required: Compute the ending inventory for January using the LIFO method.

26.

Delite Corp had the following items listed in its trial balance at 12/31/2020:

Currency and coins	$	570
Balance in checking account		3400
Customer checks waiting to be deposited		3100
Treasury bills, purchased on 11/1/2020, mature on 4/30/2021		2600
Marketable equity securities		10800
Commercial paper, purchased on 11/1/2020, mature on 1/30/2021		4000

What amount will Delite include in its year-end balance sheet as cash and cash equivalents?