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33. Assume, instead, that LuCo's December 31, 20X4 ending inventory is 300 units; its December 31, 20X5 ending inventory is 800 units; and its December

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33. Assume, instead, that LuCo's December 31, 20X4 ending inventory is 300 units; its December 31, 20X5 ending inventory is 800 units; and its December 31, 20X6 ending inventory is 600 units (which is lower than its 20X6 beginning inventory). What is LuCo's December 31, 20X6 ending inventory? a. $6,600 b. $4,800 c. $4,400 d. $3,600 34. When WeCo begins operations in 20X4, it chooses the periodic method and LIFO costing. Within a given year's LIFO layer, it uses weighted average costing. During 20X4, WeCo makes the following merchandise purchases: May 30 400 @ $4 June 24 800 @ $5 October 11 900 @ $7 December 4 1,400 @ $6 If the December 31, 20X4 ending inventory is 1,000 units, and the De- cember 31, 20X5 ending inventory is 300 units, what is the 20X5 ending inventory? a. $1,200 b. $1,380 c. $1,740 d. $1,800 Use the following information for problems #35-40. HuCo begins operations in 20X4, uses the periodic method and makes the following merchandise purchases: 20X4 Total units Unit cost Total cost April 900 $ 6 $5,400 September 1,300 7 9,100 20X5 March 1,100 $ 8 $8,800 November 10 5,000 500

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